- 63 Videos
- 7 Quizzes
- 1 Survey
- 2 Downloads
- 2.0 hrs
This free 2-part accounting fundamentals course will guide you through the accounting process. We explore the layout of the balance sheet, income statement, and cash flow statement; and demonstrate how to prepare financial statements from scratch. This accountancy course is an essential building block for performing financial modeling and other wall street financial analysis.
Part 1 - Constructing an income statement and balance sheet
In the first module of this accountancy course, we explore the layout of the balance sheet and income statement, explore how transactions are recorded, and prepare a simple balance sheet and income statement. By the end of this module, you will have a solid understanding of how to construct a balance sheet and income statement.
- Explain the format of the income statement and balance sheet
- Define various financial statement terms (e.g. accounts receivable, prepayments, etc.)
- Record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.)
- Prepare a simple income statement and balance sheet
Part 2 - Constructing a cash flow statement
In this second module of this accountancy class, we explore the layout of the cash flow statement, explain the differences between the cash flow statement and the income statement, and prepare a cash flow statement from scratch. By the end of this module, you will have a solid understanding of how to construct a cash flow statement.
- Outline the format of the cash flow statement
- Explain the difference between profit and cash
- Prepare a simple cash flow statement using the balance sheet and income statement
This online accounting course incorporates a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you’ve just learnt. The course also includes two PDF reference guides – an accounting factsheet and a financial statements glossary - that can be used while taking the course and downloaded to your computer for future reference. This is the ultimate accounting crash course to prep for wall street careers!
Scott has over 15 years experience designing and delivering Wall Street training programs for bulge bracket investment banks.
As Managing Director, MDA Training North America, he works with clients to design and deliver customized learning solutions. His areas of focus are:
- Commercial banking
- Investment banking
- Capital markets
- Asset management
Scott's clients include Allied Irish Bank, ATB Financial, Bank of America Merrill Lynch, Brandes Investment Partners, Credit Suisse, Coast Capital Savings, Deutsche Bank, Glenview Capital, HSBC, ING, Intact Insurance, JP Morgan, Royal Bank of Scotland, TD and many others.
Prior to joining MDA Training, Scott worked at Ernst & Young and is both a Canadian and UK Chartered Accountant with an honours degree in politics/economics from Trent University, Canada and a master’s degree in international relations/economics from Cambridge University.
Scott sits on the advisory board of the student-run National Investment Banking Competition and Conference which in 2014 attracted over 150 competing teams from universities across North America.