THE CASEWORK JOURNALUnderstand it.
Understand it.
Then explain it.
Original investment banking interview guides. Clear explanations, worked numbers and follow-ups worth practising.
ACCOUNTING
How depreciation flows through the three statements ↗
A $10 million expense does not mean $10 million leaves the bank account.
M&AAccretion and dilution: work a stock deal before using shortcuts ↗
Compare earnings gained with the shares issued, then explain what the result leaves out.
LBOLBO returns: separate debt paydown from multiple expansion ↗
A clean five-year example of equity value, MOIC and IRR.
DCFWalk me through a DCF ↗
Build enterprise value from cash flows, then bridge to equity.
VALUATIONEnterprise value vs equity value ↗
Match the value claim to the earnings metric.
CASH FLOWUnlevered free cash flow ↗
Work from operating profit to cash after reinvestment.
DILUTIONThe treasury stock method ↗
Understand options, repurchased shares and net dilution.
No reported firm questions or copied course lessons. Start with a guide, then test your reasoning in practice.