Alle Fragen zum Tag accounting - Consulting Q&A - PrepLounge.com

Hi Enzo,

I would strongly recommend to get on Coursera and check the online courses they have to offer, the format is great and the content is generally of a very good quality. Morever, you can find a lot for free!

Personally, I did the Wharton MBA Business Foundations, where you can find 6 courses covering a set of topics very helpful for your own business: marketing, accounting, corporate finance, operations..

https://www.coursera.org/specializations/wharton-business-foundations

Happy learning!
Benoit

Hi Giorgia,

two books which I find extremely helpful to get a fundamental understanding of how to practically think in terms of business economics, financial management and value creation are:

• Finance for non-financial managers (https://books.google.de/books/about/Finance_for_Nonfinancial_Managers_Second.html?id=WNLyAwAAQBAJ&source=kp_cover&redir_esc=y)
• Valuation: Measuring and Managing the Value of Companies (by McKinsey)(https://books.google.de/books?id=iI3J4b2hWlwC&printsec=frontcover&dq=valuation+book&hl=en&sa=X&ved=0ahUKEwjZ8ofbw7PcAhWlHJoKHaK3CiMQ6AEIKTAA#v=onepage&q=valuation%20book&f=false)

These two books have proved very helpful to many non-business background consultants in starting their job at MBB firms. However, one word of caution: the direct usefulness for case interview preparation is somewhat limited, since case interviews test for conceptual thinking and "analytical raw horse power", rather then testing actual functional or industry knowledge.

Cheers, Sidi

Hi,

First of all, in cases, you either do the calculations on the product level or on the company level. You rarely jump from one to another.

On a product level, usually, you compare your unit economics with the competitors and there may be 2 options:

1) You calculate contribution margin per product which is price minus all variable costs of sales per this product. The difference between the contribution margin and gross margin is that fixed overhead costs are not included in the contribution margin.

• Price per unit
• Variable Costs per unit
• CM = Price per unit - variable costs per unit

But sometimes in the cases, they may still call it gross margin fro simplicity. You can calculate as a % as well

2) You compare net margin per product:

• Cost per product that already includes variable costs and fixed costs allocation
• Price of product
• Net Margin = Price per product - Cost per product

Best

Hi,

Net operating profit (Or net Income) = EBIT - interest income - income taxes

You'll don't need EBIAT formula on the case interviews. Net income will be useful

Best!