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Hedge Fund Interview
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Accounting

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Financial statements, how the three link, working capital, accruals and the non-cash items that trip people up.

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200
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  1. What Each Statement Actually Tells You

    40 questions · 40 free to try

    What each statement is for, and the one-line answer to “walk me through the three”.

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  2. How One Change Moves All Three

    40 questions · 40 free to try

    How a change in one statement moves the other two, and where the cash lands.

    Read firstHedge-fund technical questions
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  3. Accruals, and Why Profit Isn’t Cash

    40 questions · 40 free to try

    Recognition timing, the bridge accounts, and why earnings and cash disagree.

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  4. The Working-Capital Swing

    40 questions · 40 free to try

    The cycle, what drives it, and what a swing in it says about a business.

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  5. Non-Cash Charges That Still Move Cash

    40 questions · 40 free to try

    Non-cash charges that still change the tax bill, and the traps in each.

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