Essential Accounting for Investment Bankers Part 1

Accounting is taught at investment banks around the world, and is used by nearly all professional investment bankers to carry out company analysis and valuations. It is a very practical topic at heart.

Part 1 of this GIUP Essential Accounting for Investment Banking Analyst Handbook series provides:

â—¦A solid introduction to the fundamentals underlying basic accounting taught at investment banks, explaining the differences of how an accountant versus an investment banker will use the tools of accounting for their job tasks.
â—¦Coverage of the structure of financial reports and how to navigate your way through the examination of the financial statements to extract the key analytical information bankers focus on.
â—¦A detailed exposition covering each line items on the balance sheet, explaining how they are related to each other and where they play their roles within a real business case example.
â—¦Introduction of key income statement metrics and performance indicators, going through their definitions, their drivers (why they are used) and their application in financial analysis.
◦We introduce and apply the “cleaning exercise” for these income statement items and indicators by covering detailed business cases in easy-to-follow steps and therefore provide a rigorous understanding of the methods applied.

In particular, this handbook focuses on the knowledge points within accounting that are most likely be questioned at an investment banking technical interview.