Feedback from Past Editions

"With the Forensic Analysis Bootcamp, Behind the Balance Sheet developed a very compelling approach to provide valuable insight into how to avoid investment mistakes, even for seasoned analysts. I enjoyed it very much and highly recommend it!”

Rolf R, Buy-side analyst, Zurich

"I spent more than 15 years as a sell-side analyst and I wish I had done Steve’s course at the start of my career. In fact, it should be mandatory for anyone responsible for analysing companies and their accounts."

Chris, Former sell-side analyst, London

"Valuable course detailing the multitude of ways companies manipulate their accounts. It has provided me with a useful framework for how to approach a set of accounts and the key red flags to look out for. I would recommend it to any serious financial analyst."

Andrew Fargus, Vintage Asset Management, Investment Manager

"I had the pleasure of being part of Forensic Analysis Bootcamp. Steve did a fantastic job of curating detailed material, laid out the course incrementally clearly emphasizing salient learnings and guided all of us through really deep accounting material deftly with well considered examples from real life companies to illustrate and bring home the point he was trying us to learn. I found the live sessions very engaging and educative to enhance our understanding of accounting including nuances around GAAP/FRS etc.

I found him very knowledgable , wonderfully relaxed in engagement style and optimized the whole experience for learning. He was even kind enough of offer us additional sessions to ensure our grasp of material was good and answered any questions that were raised.

I would highly recommend any one wishing to deeply understand forensic accounting check out this course as an option to see if it fits their needs."

Bala Thiruppanambakkam, Private Investor, Califormia

“An enjoyable and insightful course that instils a healthy sense of scepticism and helps clarify the complex to enable better investment decisions”

Richard Machen, Equity Analyst, Border to Coast Pensions Partnership

"If you're serious about managing downside risk in your portfolio, this is the course for you. Full of practical advice and tools that you can apply from day one."

Roman, Credit Analyst, Japan

"Can thoroughly endorse Steve Clapham’s Forensic Analysis Bootcamp. The manner in which Steve systematically dissects a set of accounts is very insightful. Even those analysts and PMs with a good grounding in accounts analysis will benefit from attending this course."

James Chapman, Portfolio Manager, Columbia Threadneedle

"Steve's knowledge of accounting and his ability to interpret financial statements is second to none. His course is the most thorough examination of how companies might manipulate their accounts I have come across. Any analyst or investor who wants to be successful should sign up to it."

Adrian Murray, Buyside Analyst, Maresfield Research

"I appreciated the forensic accounting course led by Steve. This course provided a comprehensive introduction to crucial matters that every analyst should understand about a company’s accounts. Not only did it equip me with valuable insights and skills, but it also proved to be an enjoyable learning experience.

Steve’s vast experience in forensic accounting was evident throughout the course, as he demonstrated a deep understanding of the subject matter. He was always available and more than willing to answer questions, ensuring that each participant grasped the concepts being taught. His expertise played an integral role in making the course a resounding success.

Moreover, Steve’s anecdotes and stories were enjoyable to the learning process. His ability to weave personal experiences and real-world examples into the curriculum made the material engaging and relatable. These stories allowed us to understand complex concepts quickly and added a unique dimension to the course.

While Steve can sometimes be blunt in his approach, his directness contributed to a clear and concise understanding of the subject matter. His straightforward style allowed for efficient communication, which was invaluable in helping us grasp the intricacies of forensic accounting analysis.

I wholeheartedly recommend this forensic accounting course for anyone looking to enhance their understanding of company accounts. Steve’s extensive knowledge, willingness to help, and engaging teaching style make it a valuable and enjoyable learning experience."

Rasmus Jacobsson, Equity Analyst, Stockholm

"As a non-finance professional, I never realized how many ways and how subtly management could manipulate the financial statements. I view a 10-K quite differently from before. The Forensic Analysis Bootcamp was eye-opening, and Steve sifts through generally overlooked details of the financial statements to find damning insights into the company."

Kevin Jiang, Private Investor, California

Undertaking Steve Clapham's Forensic Bootcamp course was a wonderful way to refresh how I assess balance sheets and other financial statements. I found it very convenient as each session is in person on Zoom. The sessions were also recorded so that students can review each topic due to the dense nature and volume of information provided each week.

Steve covered each topic in great detail and provided numerous examples to emphasise different techniques of how numbers can be manipulated to meet target returns.

I found Steve professional, polite, a good listener, and a clear communicator.

I recommend Forensic Analysis Bootcamp to any investment professional wanting to update their investment skills or just refresh them after a long period of not undertaking formal study.

Investment Advisor to Family Offices and Company Director of Wholesale Investment Funds, Australia

This training will pay for itself three, four, even fifty times over.

That might sound too good to be true, but think about it. All it takes is:

• 1 mistake avoided in your personal investing account. In bear markets, stocks with shady accounting always get crushed.
• 1 promotion or opportunity earned through the deeper analysis you’ll produce after taking this course. Great work does not go unnoticed. Especially when the stakes are this high.

Join today to get free bonuses worth over £399.