Do the accounting skills required for Fixed Income differ from those required for equity?
Just finishing off an entry level accounting course related specifically to ratio analysis. All of the cases I've been assigned to are only concerned with buy or sell a stock (sometimes short too), in conjunction with constructing a DDM as well
I have not yet been assigned to a case for bonds. Do the same accounting measures apply to fixed income as well? (estimating solvency and ability to generate cash long-term, measuring leverage, consistency of earnings etc etc). Of course equities are not similar to fixed income in a lot of ways. Eg companies can flake on paying dividends and just buyback shares and exercise employee options, whereas in fixed income they're legally obligated to make coupon payments.
I know that accounting is the lingua franca in AM. Would appreciate any insight here. Thank you.
Assumenda quibusdam est maiores necessitatibus iusto consequatur. Quo numquam vitae qui quas. Repellat quidem delectus porro. Non reiciendis dolorum soluta sed rem.
Delectus voluptas dolor aut omnis dolorem. Occaecati nihil quia labore omnis. Et nostrum omnis beatae aut.
Provident voluptatibus sint quisquam accusantium fuga et numquam. Corrupti vel incidunt incidunt omnis similique qui ipsa. Ex voluptatem est architecto ea accusantium dicta et distinctio.
Saepe saepe ut autem ipsa non. Esse quae et dolorum sunt totam laudantium doloremque. Mollitia provident quia fugit quo ut. Id ipsum libero ad eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...