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PIMCO Accounting Analyst Interview***PLEASE READ***
PIMCO has invited me to do this Spark interview for this Accounting Analyst Specialist role in Texas that includes 6 questions. Three of the questions will cover basic Accounting principles. A separate part of the process is an hour long Accounting assessment that sounds like it will be an hour...
Working Captial industry differences
I’m new to this and wondering what is the actual explanation for why working capital metrics like current ratio, quick ratio or CCC can be very different between industries? Like what’s the reason for why Healthcare has or doesn’t have a higher ratio than Industrials? Do consumer companies...
How do you define OWC?
Wanted to know if someone could clearly define what operating working capital is in terms of the formula. I have seen some conflicting formulas so I am not sure which is correct. One I have seen as ((current assets - cash) - (Current liabilities - debt)) and another as ((all assets - cash and...
Question on M&I guide - Accrual vs Cash Accounting
I've been reviewing the M&A 400 investment banking questions guide, and came across the question: "How is GAAP accounting different from tax accounting?" and the answer is: "1. GAAP is accrual-based but tax is cash-based. 2. GAAP uses straight-line depreciation or a few other methods whereas tax...
EY Edge Program Final Interview Help
Guys, Just got invited to Final Round for EY's EDGE – Property Tax Group. It is a new program the EY offers and opened offices in Nashville and Charlotte. Does anybody have any insight on what the interview might consist of? Or if anybody has interviewed for it and can offer any advice. I am new...
Studying for IB FT and I'm slow AF: How much did you improve?
After a shit ton of studying--1.5 months of 25h/week--I have a decent handle on accounting and "what happens to the three statements?" questions. I'm still slow as fuck on some of the calculations, though. Note: not a "math person", I'm slow generally. I squeaked by college linear algebra courses....
EY TAS Case Study
For EY Transaction advisory services once you move onto the 2nd round there is a case study where you are supposed to provide a ~3 page report. Does anyone have any sort of experience with these types of questions or know what they are looking for. Would appreciate any and all help.
Profile Evaluation---Canadian Student looking to apply to US/UK schools
Hi guys, I was really touched by the hospitality of this forum and decided to post and seek some advice. My Profile: Canadian citizen studying in Canada, High school was in China, and internship was in China. Undergrad: Schulich School of Business- York University(Top 3 in Canada) Undergrad GPA:3.65...
An accounting question - on goodwill after transfer of ownership
Hi all long time lurker, first time poster. I'm working on a company that the ownership of the company is set to change hands. Owner bought private company A at USD100, and sells it at USD200. With the new ownership, I understand that there is a premium of 100 to be book, supposedly goodwill. Can...
Warwick Accounting and Finance Course
Hi, I got an offer from wbs for BSc Accounting and Finance and I was wondering on how strong is this degree when following its finance pathway in Investment Banking and Financial Analysis. Also which Masters would you recommend to make me more competitive in the job market?
Deciding between Consulting and IB and other options
Basically, I have to decide what kind of job I want to pursue post MBA in order to even apply for an MBA . How do I decide between Consulting, PE , IB without any internships beforehand? My background: I am a CFA charterholder, working in Transaction Services (Financial Due Diligence) in one of the...
Estimating working capital for a company on cash basis accounting
I just started a role in corp dev for a firm that owns/operates medical practices. Almost all of the targets we look at are on cash basis accounting so we have to estimate seller working capital. Since there is no AR / AP on cash basis balance sheets, we typically estimate AR by asking the seller...
Non-target needs Career Advice after failing at IB recruiting
Hi everyone, I'm a second year student in the UK and I was unsuccessful in my applications for IB this year. I am writing this post because there is literally no one I can ask freely about this. On-campus career advisers are clueless and I don't know anyone who has a great understanding of all...
Accounting question on DTL
I've heard that that for companies with heavy DTL on their balance sheet, adding more DTL can be beneficial. How so? Can anyone help? Maybe it depends on the industries like energy or insurance?
How easy is to move from audit Big 4 and then into IB?
I am starting a role in audit at one of the Big 4 (London office) in September, in the audit team where I'll hopefully gain the ACA after 3 years. My ultimate/eventual aim is to move into the M&A arm of an Investment bank. I've heard that an internal move in a big 4 firm into CF/ M&A first is the...
Is this a feasible plan to get into investment banking with an accounting background?
So far this is how I have it. From my understanding, school prestige doesn't matter nearly as much for accounting as it does for IB , and Big 4 recruiting is extremely regional. So I've concluded that my best bet for undergrad is to save money with my education while trying to go to school in New...
Contractor - Trying to get into a FTE role / looking for advice
Hi All, I'm a long time lurker here. I'm 10 years experienced - all in the O&G industry, primarily in Accounting/Corp Finance/Business Analytics: * 4 Years - Management Accounting/FP&A with minor Treasury duties at a medium-sized, multi-national service company. Promoted twice. * 4 Years - Joint...
Capex in JV
Hello everyone I have a quick accounting question - lets say you are looking at the statements of a company that has a JV in which it owns 40% of it. Every year this company puts 100 of Capex in the JV. How would this 100 be reflected in the 3 financial statements? Will this 100 of Capex simply be...
Obtaining high level finance internship (Summer 2019)
Hello, my goal is to obtain a high level finance (wall street finance - not corporate-) internship for the summer of 2019. I just finished my first year at a non target state school however due to an abundance of transfer credit, I am technically considered a sophomore going into my junior year....
How crazy would it be to start an investment partnership right after graduation?
Trust me: I know this sounds like a bad idea; I'm here to gauge the extent to which it's a bad idea. Bottom line: Professors and career center have been encouraging regarding starting a small investment partnership and/or SMA business post grad (BBA finance/MS Accounting from mid/low-tier private...
HELP - OSU vs UIUC
I am an incoming sophomore at a community college that will be transferring to either UIUC or Ohio State. At this stage, investment banking is not my first choice for a career but I still want to keep that door open before I nail down what I want to do. I'm thinking along the lines of consulting or...
Big 4/CPA then get my CFA and break into IB?
Hello WSO Network, Here is the deal. I am 22 and a Senior Accounting student with a subpar overall GPA (2.9/4.0) and a decent Accounting GPA (3.6/4.0). I want to break into IB , I attend a non-target university as well. I know that I am going to have to grind 10x harder and go a different route to...
management tips
Managerial Economist: Responsibilities, Functions, and Role Skill planning and judicious decisions have special significance in the environment of solutions and uncertainties of complex financial problems of business firms. so there are Responsibilities, Functions, and Role of a Managerial...
Dispute and investigation in Alvarez and Marsal comparison to Forensic group in PwC
Experienced assurance associate in PwC wanting to move toward more forensic technology analysis side. Wonder if anyone here has any experience or takeaways on which company would offer the best career growth in term of prestigious, exit opportunities, relationship building, client base....
What are my chances for Baruch/MSF and then IBD?
Senior at a small private, Catholic college majoring in finance with a management minor, graduating a year early. Starting a Fortune 30 Financial Analyst Co-op in January that ends in June that may lead to full time. Have had 2 relevant internships (private equity and then outsourced CFO services...
Are Warrants required to be included in a 13G or 13F?
SGYP does a secondary offering with 21 million common stock and 21 warrants. 1 week later an investment fund files a 13G with 19 million shares , ( New position) but no mention of warrants. If warrants are required to be included in 13G , does that mean this fund did not participate in offering?...
Elijah Watt Sells Award
"The EWS award is bestowed upon CPA candidates who have obtained a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination and passed all four sections of the Examination on their first attempt. A total of 102,323 individuals sat for the Examination in 2016, with...
Trouble finding a job (recently immigrated to Toronto)
Hey all, I have recently moved to Toronto from Prague, Czech Republic where I have worked as an Audit Assistant in one of Big4 companies for around 1 year and before that I have worked as Financial Analyst for 8 months in a big US Company. I have master's degree in business administration from Czech...
Seeking Advice on Career Path in South Korea
Hi Everyone, I am seeking career advice, and just to be upfront- I am naive in the Korean job market. I lived in the States for approx. 10 years, and I can work in both Korean and English. I am a Korean citizen and worked on a work Visa (H1B) while in the States. I majored in Accounting at a Big 10....
PwC Hiring Freeze in Canada?
Hey, so I was interviewed for a position in RAS at PwC Toronto and soon after there was a hiring freeze. Does anyone have experience with hiring freeze at a Big 4? How long can it last?
Accountant working for the government
I'm an accounting student. I'm looking at different types of careers. Is pursuing a career with government worthwhile? The benefits are nice and the work seems interesting. Is a gov job worthwhile or a waste of time?
What's the best software to produce notes on FS?
What's the software to use for feasibility in generating reports on the FS / accounting rather than writing up the parts of FS on excel and pasting it on docx or the similar likes? Cheers!
Deferred Sales Commissions Excluded from EBITDA
A deal I'm looking at is for a company that relies heavily on paying certain lead generation players to acquire new customers. Using fictional numbers, let's assume they generate about $50 million in EBITDA but they pay $30mm year in referral fees to these lead generators annually.. and in turn try...
Treasury?
hey all - anyone here in (or have done a stint in) treasury? i am curious as to the day-to-day, potential for upward mobility and overall job satisfaction (stress, work/life, pay, etc.). i'm sure we have a handful of people here that have done it or have experience with it - so i look forward to...
How to Determine Whether An Asset Acquisition is a Good Investment (EPS?)
How does a banker advising the buyer assess whether an asset acquisition (e.g. a gold mine or power plant) or business division (a catalyst division in a chemicals company) is a good investment? How does the accounting differ from a normal merger/acquisition in which you look primarily at EPS.
FP&A / Corporate Analyst Interview at Private Equity Firm
Hey guys, wanted to get some advice on what I should expect for an interview for FP&A / Corporate at a big international PE firm, NY office. Most interviews I've been in are for ER so they've been more technical questions on WACC , DCF , etc.... This is my first interview for a corporate Analyst and...
Divorces: Beating the Courts
In my earlier years I worked in audit, and was seconded onto forensic projects out of need for resource. I developed a knack for it, and have since worked on a lot of high profile cases (including some of the BB Banks and multi billionaires). I’ve seen the evidence the forensic accountants get,...
I want to pursue my edu. in Msc Finance however i lack the following math courses in my undergrad. How do i move forward
I lack real analysis and matrix algebra courses in my undergrad. I have also only done Calculus 1 and calculus 2 in undergrad.These are prereqs for msc finance in some of the top universities. I have juat graduated, my finance and accounting skills are very strong. However, I made the mistake of not...
FP&A: How does your company handle accruals?
I'm curious as to how your company handles month end close, specifically accruals vs. actuals? Seems like most companies use SAP or Oracle.
Low grades in accounting! Hurt IB chances?
I've just finished my finals for the summer semester at my college, and my gut feeling tells me my Financial accounting course won't go so well. I entered the final with an A, but might come out with a B+, which is equivalent to 80-84% (GPA 3.30) at my school (but my school is on a 4.33 scale). This...
Any Wharton grads to clarify something?
So, i've taken the introduction to financial accounting & more introduction to financial accounting courses taught by Brian Bushee(great professor) who is a professor at Wharton and read the syllabus related to the accounting courses held at Wharton and it mentioned the fact that textbooks are...
Goodwill & Target Company Balance Sheet
Hey guys, Have a quick question i'm trying to figure out. I'm wondering how goodwill can end up on a target’s balance sheet in an M&A deal, as typically it would be recorded on the acquirers B/S. Any good sources to read up more on this? Appreciate the help in advance
Am I doing FP&A or glorified accounting?
what i do on a fairly regular basis on a high level is manage budget and spend some specifics: approving purchase requisitions and tracking purchase orders monthly accruals and reconciliation against actuals in our accounting files re-forecasting budgeting for the upcoming year monthly reporting...
Value of PT MBA for Moving from Accounting to FP&A?
Hi Everyone, I was wondering if anyone could comment on whether or not an executive/PT MBA could help if I wanted to move from accounting to traditional corporate finance (think FP&A, not IB / HF ). I currently work at the Big 4 in audit, but I'm pretty sure that I don't want to just do financial...
Financial Analyst help
Hey guys so just to introduce myself I am currently going into my 3rd year at Laurier (in Canada) and also got into the co op program, I want to go into Asset Management. My co-op program consists of 3 terms (4 months each) that alternate with school. So when searching for my first co op job, i...
How to best prepare for a career in Corporate Finance
Hello guys, new member to WSO here! I am a UK undergrad. student due to start university at a so-called "target school" in September, studying Electrical Engineering and management/finance. I am only 18 and have no experience in IB /accounting though have some decent work experience/exposure in...
Second Bachelors degree - career change advise
So, lets begin with some background info. I graduated from Temple University with a BBA in HR/Legal Study and I worked in a hotel for almost 5 years after that. Now I am 28 and realized that I hated hotel and wanted to work as an accountant. With a BBA and on the job market for five years, the...
Deepen accounting knowledge - CFA® or alternatives
Hey - am on the buy-side and want to deepen my accounting knowledge. Ie purpose is to become a better investor and not to collect titles. Aware that the CFA® takes a lot of preparation and covers other (less relevant) aspects. Does anyone have alternative ideas / experiences? Tx
Accounting related question
Accounting question: What cost impacts EBIDTA and not Margin (cost of services) ? Is that operating expense? But we still take out other cost (opex) from margin? I'm confused and not an accounting wiz. I work in operational finance/FP&A...need help! THANKS!
Help me brainstorm a possible career switch
I'm currently in a profession (public accounting) that I have only lukewarm interest in. I've been thinking a lot lately about what else I could do at this point that would be challenging and fulfilling work. My background is that I've been in public accounting about 10 years now and I've become...
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