BIWS - Accounting Fundamentals
Hi,
I am about to purchase the BIWS Excel & Financial Modeling Fundamentals Course. Therefore I wonder, if the accounting fundamentals taught at the beginning are sufficient, or if one should consider doing a course like the accounting crash course from Wallstreet prep first. I am currently enrolled in an undergraduate programm and had two courses on accounting so far.
Would be very thankful for some advice.
Kind regards
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Karlito, which accounting courses have you taken in undergrad? Two semesters of upper level financial accounting are really all that you need. Three resources that I always recommend are The Accounting Game, How to Read a Financial Report, and Accounting Coach.
Hey,
thx for that quick reply. I attended a course in managerial- and one in financial accounting. I guess I do have a good foundation, but I think a recap would be helpful. I want to avoid buying the WallStreetPrep accounting crash course just to realize later on, that the same content is included in the biws-course. In another thread it was mentioned, that the biws-course already requires a decent amount of accounting knowledge. To me this sounds , as if the accounting fundamentals taught in biws might be more superficial as the wallstreetprep accounting crash course. Would you agree with that?
I took that BIWS course and would disagree with what you've heard, but to be fair, I was an accounting major, and at the time, had taken everything except audit and tax in school. If you're trying to save money, just sign up for the BIWS course and see if you can keep up. The level of accounting needed for the course (and IB in general) really is not that vast.
Sounds good to me. I guess I will do as you mentioned. One last thing. Although this is again depends on the individual background and ability to conceive the topics taught, can you quantify a guess of time needed to complete the biws fundamentals?
BIWS and free resources on the internet should suffice ... I had the same level of accounting as you prior to BIWS and it was easy to follow.
If you don't understand something, google it. I promise you can find it. As you go through, be sure to learn concepts, rather than memorize formulas i.e. learn qualifies items as "working capital" rather than memorize formula for it.
You can take free online accounting courses from various sites like coursera and edx(has an IFRS accounting course), along with individual university websites. I learned a lot from reading the CFA Financial analysis book, but to be fair I only took 1 accounting course :''). Since you have more courses under your belt it may help more as a review rather than a source of new information source.
Has anyone a rough guess of the amount of time it will take to complete the biws fundamentals course?
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