Accounting

Deferred tax assets and liabilities explained: the DTA and DTL logic that actually gets tested in IB interviews, minus the accounting noise.

Assets and liabilities explained: what a company owns versus what it owes, and how the accounting equation keeps the balance sheet in balance.

Master D&A: how depreciation and amortization work, their formulas, impact on cash flow, and why they matter in valuation and M&A.

Master the margin ladder: gross, operating, and net margins straight off the income statement, plus EBITDA margin, the comparison rung bankers add.

Master the income statement: revenue, expenses, and the path to net income. Essential for IB interviews and valuation.

Master the cash flow statement: operating, investing, and financing activities explained for investment banking interviews.

Master the balance sheet: assets, liabilities, equity, and the accounting equation. Essential for IB interviews and valuation.

Working capital measures short-term liquidity. Learn how to calculate it, interpret it, and explain why it matters in DCF and M&A.

Net income explained: the bottom line profit after all expenses, taxes, and interest. Formula, components, and interview anchors.

EBIT measures operating profit before financing costs and taxes. Learn the formula, components, and why bankers use it for valuation.

Revenue defined: the starting point of every financial statement. Learn what counts, how it's recognized, and why it matters in finance.

Learn what cash means in finance, what counts as cash and cash equivalents, and why it matters for valuation and financial analysis.

The 3 financial statements explained: what the income statement, balance sheet, and cash flow statement each tell you, and how they link in an IB interview.

EBITDA explained: formula, calculation, and why bankers use it. Learn the earnings metric that drives deal valuations.