Forensic Accounting: Pandemic Edition

Assessing cash flow, working capital unwind, and projecting end '20 balance sheets and '21 profits

Will your investments survive the COVID-19 fallout?

Stress-test your portfolio with my new forensic analysis course


Don’t let the market recovery fool you.

The pandemic's impact on stocks has only just begun. And as an investment professional, you need to consider what comes next.

One option is to act like nothing happened...and invest like it’s December 2018 again.

But as I'm sure you'll agree, COVID's impact on business has been too big to ignore.

Eventually this will hit the markets.

Which means time is running out to find the hidden risks in your portfolio.


Step up your forensic analysis in just four hours


This online course is a comprehensive and deep dive into forensic financial analysis.

After finishing the course, you’ll be able to:

** Predict what any company's balance sheet will look like after the pandemic

** Conduct a solid working capital analysis to give any company a serious health check

** Calculate the end-2020 EV and forecast 2021 earnings to assess any company's valuation more thoroughly

** Scrutinise and adjust company figures so you can trust your models

** Tighten up your cash flow forecasts and value companies with more accuracy

** Use the methods I teach the world's most respected firms and analysts

Here's what some of those clients think of my training:

Sebastian Lyon, Founder and CIO, Troy Asset Management:

“It is our job to avoid the portfolio torpedoes at all costs, which come from poor accounting. Behind the Balance Sheet planted an essential seed for fund managers and analysts alike - to question company numbers with greater scrutiny. Thank you.”


Andrew Stobart, Baillie Gifford. Investment Manager, Emerging Markets Fund:

“Steve’s course is a detailed and timely reminder of the importance of looking at the accounts and what might lie beneath the headline numbers. You will learn a lot, be able to challenge and question companies more, and make better informed investment decisions.”


Fredrik Regland CFA, Co-Head of Research, Schroders QEP Investment Team:

"Content is excellent, we were positively surprised over the details and breadth of examples of forensic accounting. The course very much delivers on its promise of understanding ways to manipulate company accounts. Making 4 hours of accounting in one sitting exciting isn’t easy but this was definitely both educational and enjoyable."


Pandemic-proof your analysis


This training is based on a seminar I organised for a $50bn asset manager in London.

Here are some more of the techniques you'll learn:

** The split second test you can apply to any balance sheet to see if a company can survive

** The upcoming change that will slash profits across the board, no matter the industry or company

** A simple rule for assessing management’s ability to navigate a crisis

** The question every board will ask after COVID – and why their answer will shape the fate of shareholders

** Why COVID will warp balance sheets beyond recognition – and how to factor this into your analysis

** How to adjust company accounts and estimates to protect yourself from disaster

** The accounting figure you can't afford to ignore – even if you got away with it before

** A handy ratio that reveals management's confidence in the future

** Why you might be under-estimating the impact WFH will have on the stock market

** The free way your fund can monitor – and profit from – changes in society

** The massive change facing income funds – and the specific kind of stock that could skyrocket as a result...


All in just 4 hours of training. That you can watch and re-watch as much as you like.

Don't delay. Give yourself an analytical edge and join the other professionals taking this course today.


Get started now!



Boost your analysis skills or pay nothing


COVID-19 will ask tough questions of your investing process for years to come.

I'm confident this training will help you answer these questions. So confident that I'll return every penny of your investment in this course if you aren't satisfied.

But don't just take my word for it.

Here's what one of the seminar attendees had to say:

Simon Laing, Former Head of US Equities at Invesco Perpetual:

"Critically in the course, Steve manages to tie all his content to real world examples. He also gives you the tools to catch the red flags that are often there for years before issues start to emerge. As someone who likes to undertake deep fundamental work, I would highly recommend the course to like-minded investors. I only wish I'd found it much earlier in my career!”

Serious professional analysts are finding this training invaluable. But this course isn't for everyone.

And if you'd rather stick your head in the sand and pretend everything's OK, you probably won't use the techniques I share here.

But if you want to come out of this pandemic ahead – and learn skills you'll use for the rest of your career – please click the red button to access this training now.


Get started now!



Your Instructor


Stephen Clapham
Stephen Clapham

Stephen (Steve) Clapham has 30 years of stockmarket experience as an equity analyst. He had a successful career as a highly rated sell-side analyst covering a number of sectors. He then moved to become a partner and head of research at two multi-billion hedge funds, based in London.

In 2018, Steve set up his training company, Behind the Balance Sheet, and hundreds of professional investors, regulators and corporate analysts have taken his Forensic Accounting Course. Some of the world's top institutions rely on Steve to help their top analysts improve their skills. That expertise is now available to you!

In 2020, Steve's first book, The Smart Money Method, How to Invest Like a Hedge Fund Pro, was published by Harriman House and immediately went to the number 1 slot in various Investing categories on Amazon in the UK and US. It has been enthusiastically received by investors, both professional and amateur.


This Video Explains More

This course includes some of the key content from our acclaimed Forensic Accounting Course which institutional investors pay thousands of pounds to attend.


Frequently Asked Questions


When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
How long do I have access to the course?
How does lifetime access sound? After enrolling, you have unlimited access to this course for as long as you like - across any and all devices you own.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund.

Get started now!