I am currently trying to actually learn finance as I realize a lot of the recruiting prep is just memorizing answering but not truly understanding it fully in terms of mechanisms. Is there some sort of listed steps to follow for learning finance and coming into jobs as an actual useful person? Open to any advice.
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Financial accounting (journal entries, ledger building, statements building) is the first thing you should be doing. If you know how each line item hits each one of the 3 statements you’ll be good to go, no need to ever memorise anything. You won’t have the answer to all the questions, but you sure will have the base to understand everything.
If you are good with financial accounting the next step is usually to be good with financial statements analysis (ratios mainly) and corporate finance (valuations, WACC, LBOs, synergies etc). But from what I have noticed in my interaction with a lot of kids, financial accounting has always been something that they have struggled with.
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