i'm currently a rising junior at a non-target. It looks like I'll begin a ER internship, and basically the guy asked if I know how to look at a balance sheet, income statement, etc, do some financial modeling (i'm not sure why he asked since its ER), npv, irr, and stuff like that.
I didn't lie, as I did take some intro classes, so that's exactly what I said. I told him I am familiar with them somewhat since I took some courses.
Is there a website or any books that I can cram or have like a crash course session w/ a textbook that you guys recommend? I'm really nervous that when given these tasks, I wouldn't know where to start.
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Although I'm no expert in
Although I'm no expert in this area (I'm sure there are others on this board who can provide a deeper insight into this), check out Damodaran's website. You can google this and his name should pop out.
As to why he asked those questions to you, financial modeling is part of ER -- I did a small ER internship as well.
Check out that site. Hope that helps.
keep it simple
though damodaran is good, it'll be a bit tough to comprehend if you don't fundamentally understand how to interpret financial statements. wallstreetprep has a great book that you should find helpful - it'll only set you back $30 and covers a ton of relevant accounting topics in a very straightforward manner.
Agree with Mlamb93
I actually purchased the Accounting crasher book. It has some great stuff that are easy to comprehend. I would also recommend for you to google, "baruch college guide to financial statements"
Hope this helps. Goodluck and congrats!
I agree with Mlamb. The
I agree with Mlamb. The yellow WSP accounting refresher is helpful. SCOOP books Guide to Investment Banking is also helpful but expensive ($100). Go to your library and get a financial statement analysis book. Financial modeling is used in ER by the way to update earnings and operating trends.
One of my favorites is
One of my favorites is Analysis for Financial Management by Higgins. It was a textbook for one of my finance classes and I loved it. It covers a ton of the basics, goes over most of the major ideas (npv, irr, cost of capital, all the important ratios, etc). Easy to read presents things clearly and logically. Good pick up.
Just a question
I have heard of scoopbooks, but have never personally gone over the guide. When compared to the vault guide, is it more helpful? would you recommend going over scoopbook instead of the vault guide? is it worth purchasing?
Thanks.
Just go to investopedia
Just go to investopedia