Knowledge Base: Accounting Tutorials

“Accounting” refers to measuring the economic results of a company’s business activities over a certain period and the systems, processes, and procedures required to do this.

Accounting is central to nearly all careers in finance, including investment banking and private equity, because professionals in these industries spend much of their time analyzing companies’ financial statements (i.e., the Income Statement, Balance Sheet, and Cash Flow Statement).

These financial statements link together and give you insight into the company’s operations, business practices, and strengths and weaknesses.

Accounting is also essential in job interviews because some of the most common interview questions relate to changes on the financial statements (e.g., how do the statements change if Depreciation goes up by $10?).

We present here our set of tutorials on accounting, including terms and concepts related to the financial statements.