Your Learning Path

1. 0%

   Block 1

   Accounting & Financial Statements

   30 cases

   • Entry
   • Case 1 Walk Me Through the Income Statement
   • Case 2 Walk Me Through the Balance Sheet
   • Case 3 Walk Me Through the Cash Flow Statement
   • Case 4 Connect the Three Statements
   • Case 5 3-Statement Change: Depreciation Increases by $100
   • Case 6 3-Statement Change: Revenue Increases by $100
   • Case 7 3-Statement Change: Buy $100 of Inventory for Cash
   • Case 8 3-Statement Change: Take Out a $100 Loan
   • Case 9 3-Statement Change: Buy Equipment for $100 Cash
   • Case 10 3-Statement Change: Accounts Receivable Increases by $50
   • Case 11 3-Statement Change: Pay a $50 Dividend
   • Case 12 3-Statement Change: Issue $100 of Stock
   • Case 13 3-Statement Change: Capitalize vs. Expense $100
   • Case 14 3-Statement Change: Write Down Goodwill by $100
   • Case 15 3-Statement Change: Customer Pays Upfront (Deferred Revenue)
   • Analyst
   • Case 16 EBITDA Bridge from Net Income
   • Case 17 EBITDA Normalization
   • Case 18 Goodwill: Creation and Impairment
   • Case 19 IFRS 16: Lease Accounting
   • Case 20 Deferred Taxes
   • Case 21 Free Cash Flow from the Statements
   • Case 22 Stock-Based Compensation
   • Case 23 Working Capital Deep Dive
   • Associate
   • Case 24 Off-Balance-Sheet Financing: SPVs and Synthetic Leases
   • Case 25 Revenue Quality Assessment
   • Case 26 Earnings Quality: Red Flags
   • Case 27 Lease Accounting Across Sectors: Why IFRS 16 Hits Differently by Industry
   • Case 28 Purchase Accounting After an Acquisition
   • Expert
   • Case 29 Pension Accounting: PBO, Plan Assets, and the Corridor Method
   • Case 30 Footnote Analysis & Segment Reporting
2. 0%

   Block 2

   Valuation & DCF

   26 cases

   • Entry
   • Case 31 What Is Enterprise Value?
   • Case 32 EV-to-Equity Bridge (Intro)
   • Case 33 What Is a Valuation Multiple?
   • Case 34 "Is 20x P/E Expensive?"
   • Case 35 Three Valuation Methods
   • Case 36 WACC: The Building Blocks
   • Case 37 Terminal Value: Gordon Growth
   • Case 38 Simple DCF: Three Steps
   • Analyst
   • Case 39 Full DCF from Scratch
   • Case 40 Comparable Company Analysis (CCA) practice case
   • Case 41 Precedent Transactions
   • Case 42 WACC with Leverage
   • Case 43 Sum-of-the-Parts Valuation
   • Case 44 LTM vs. NTM Multiples
   • Case 45 Diluted Share Count
   • Case 46 Sensitivity Analysis: WACC vs. Terminal Growth Rate
   • Case 47 Full EV-to-Equity Bridge
   • Case 48 How PE Thinks About Valuation
   • Associate
   • Case 49 DCF with Non-Operating Items
   • Case 50 International WACC
   • Case 51 Residual Income Model
   • Case 52 Conglomerate Discount
   • Case 53 Synergy Valuation
   • Expert
   • Case 54 Dilution Deep Dive
   • Case 55 Real Options in DCF
   • Case 56 When Valuation Methods Conflict
3. 0%

   Block 3

   M&A & Deal Analysis

   18 cases

   • Entry
   • Case 57 What Is M&A and Why Do Companies Do It?
   • Case 58 Types of Buyers: Strategic, Private Equity, and Family Office
   • Case 59 Accretion/Dilution: The Basic Concept
   • Case 60 Purchase Price Allocation (PPA)
   • Analyst
   • Case 61 Full Accretion/Dilution Analysis
   • Case 62 Merger Consequences Model
   • Case 63 Synergy Case: Revenue and Cost
   • Case 64 Cash vs. Stock Consideration
   • Case 65 MAC Clause and Deal Closing Risk
   • Case 66 M&A Due Diligence Priorities
   • Case 67 Working Capital Peg in M&A
   • Case 68 Tech M&A: Acqui-Hire and IP Acquisitions
   • Associate
   • Case 69 Hostile Takeover and Defense Tactics
   • Case 70 Cross-Border M&A: DACH Complexity
   • Case 71 Earn-Out Structuring
   • Case 72 SPAC Transactions
   • Expert
   • Case 73 MAC in Volatile Markets
   • Case 74 Dual-Track Process: IPO vs. M&A
4. 0%

   Block 4

   LBO & Private Equity

   20 cases

   • Entry
   • Case 75 What Is an LBO and Why Does Leverage Increase Returns?
   • Case 76 What Makes a Good LBO Target?
   • Case 77 Sources and Uses Table
   • Case 78 MoM and IRR Calculation
   • Case 79 Entry and Exit Multiple
   • Case 80 Debt Structures in an LBO
   • Analyst
   • Case 81 Paper LBO
   • Case 82 Debt Capacity
   • Case 83 Value Creation Bridge
   • Case 84 LBO Debt Schedule
   • Case 85 Management Incentivization and ESOP
   • Case 86 PE Due Diligence: What Matters Most
   • Case 87 Writing an Investment Thesis
   • Case 88 SaaS / Recurring Revenue LBO
   • Case 89 Tech Buyout vs. Industrials Buyout
   • Associate
   • Case 90 Add-On Acquisitions in an LBO
   • Case 91 Dividend Recapitalization
   • Case 92 Distressed LBO and Debt-for-Equity Swap
   • Case 93 Operational Improvement: What Aurelius Does
   • Expert
   • Case 94 Secondary Buyout
5. 🔒

   Block 5

   Capital Markets — ECM/DCM

   Coming soon — cases for this block are still being written.

6. 🔒

   Block 6

   Corporate Finance & Strategy

   Coming soon — cases for this block are still being written.

7. 🔒

   Block 7

   Sector Accounting & P&L Deep Dives

   Coming soon — cases for this block are still being written.

8. 🔒

   Block 8

   Industry-Specific Valuation

   Coming soon — cases for this block are still being written.

9. 🔒

   Block 9

   Mental Math & Brainteasers

   Coming soon — cases for this block are still being written.

10. 🔒

    Block 10

    Fit & Behavioral

    Coming soon — cases for this block are still being written.

11. 🔒

    Block 11

    Infrastructure PE

    Coming soon — cases for this block are still being written.

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