All class emails are sent to the email address per the NYU Brightspace roster. The Almaris system (if used for your class) also uses the same email. NYU Brightspace lists email for some of you and email for others. I don’t control these matters, nor can I change them. Please contact NYU IT (212-998-3333) or NYU Stern IT (212-998-0180) to learn how to read/forward/check spam for as well as accounts. Please note that you will need to switch profiles (or preferably use different browsers) to check versus emails separately. Otherwise, you will be checking only one or the other email without realizing it. Please contact IT for all ZOOM/email/NYU Brightspace/Admin/CapitalIQ issues. If NYU/Stern support cannot help you, please escalate these matters to Student Affairs/Dean's office without involving me. I will not respond to support requests. Almaris support cannot change emails. You can do so by clicking on the link "Change email" on their main login page.


Co-taught with Professor Stephen Ryan

Fall 2022, Half Semester Starting Wednesday 6-9 PM, September 22, 2022. We will teach this course in person, but we will also turn on Zoom and record the class. You are encouraged to attend in person unless of you have special circumstances.

MBA ACCT-GB-3120 (1.5 credits) specialization: Accounting

Undergrad ACCT-UB-20 (2 credits) concentration: Accounting

This course analyzes financial statements of financial institutions from the perspective of investors, bankers, and consultants. It provides a framework to identify, understand, and analyze key performance metrics of banks.



Core course in Financial Accounting


Exams and Grading

There are no in-class quizzes or midterms. There is take-home final exam.

System Requirements

Help and Office



Topic 1: An introduction to modeling and analyzing a bank

Unique aspects of a bank's business model

Balance sheet

Income statement

Topic 2: Transactions and Basic Valuation Metrics for a Bank

Simple Transactions for a Bank

Balance sheet metrics

Income statement metrics

ROI and valuation metrics

Topic 3: Technical concepts

Loan and Bond Amortization

Credit risk

Debt securities

Interest rate risk

Inflation and exchange rates

Topic 4: Analyzing real financial statements (Wells Fargo 2020 report)

Topic 5: Analyzing real financial statements (Wells Fargo 2020 report)

Topic 6: Structured transactions and off-balance-sheet financing

Special purpose entities