Accounting

What each statement tells you, and why interviewers start here.

The classic $10 of depreciation question, explained so you never forget it.

How AR, AP, inventory, prepaid expenses, and accrued expenses move the statements — and why interviewers love them.

Why companies report different tax numbers to shareholders and the government — and how it flows through the statements.

The classic single-step and multi-step accounting scenarios that come up in every IB interview, with complete statement-by-statement answers.