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Transaction Services insights
Technicals, interview tips, and on-the-job reality from experts.
Julien N.· 6mo ago
Landed the job at EY Transaction Services
The case studies are clear, realistic, and built real confidence. I genuinely feel the training played a key role in helping me land the job.
Quality of Earnings: What It Is and Why It Matters
A practical explanation of Quality of Earnings (QoE) in M&A due diligence: what it covers, how it works and how to explain it in a Transaction Services interview.
quality-of-earningsqoefddebitdatransaction-servicesPro-Forma EBITDA Adjustments Explained
What are pro-forma EBITDA adjustments in Transaction Services, when are they valid, and how should you evaluate them in a Financial Due Diligence?
pro-formaebitdaadjustmentsqoefddOne-Off Items in the EBITDA Bridge: What Counts and What Doesn't
How to identify, validate and present one-off EBITDA adjustments in Transaction Services: criteria for a valid add-back, examples and interview approach.
one-offebitdaadd-backquality-of-earningsfddCash Flow Analysis in Financial Due Diligence
How FDD analysts perform cash flow analysis: the link between EBITDA and cash generation, cash conversion, and what low cash conversion signals.
cash-flowfinancial-due-diligenceebitdafddCost Base Analysis in Financial Due Diligence
How to analyse the cost base in FDD: identifying normal vs abnormal costs, structural vs transient cost movements and normalisation adjustments.
cost-basefddebitdasgatransaction-servicesEBITDA Adjustments in a Transaction Services Interview
How to handle EBITDA adjustments in a Transaction Services interview: types, hierarchy, examples and what Big 4 recruiters really want to hear.
ebitdaadjustmentsinterviewtransaction-servicesquality-of-earningsIFRS 16 Lease Adjustments in Quality of Earnings
How IFRS 16 affects EBITDA, net debt and QoE analysis in M&A transactions. What FDD analysts need to know and how interviewers test it.
ifrs16lease-adjustmentsquality-of-earningsebitdaIFRS 16 Leases and Net Debt in Transaction Services
How IFRS 16 affects net debt and EBITDA in Transaction Services: the mechanics, the consistency rule and how to handle it in a deal context.
ifrs16leasesnet-debtebitdatransaction-servicesTransaction Services Interview Case Study: A Worked Example
A complete worked example of a Transaction Services interview case study: EBITDA bridge, net debt and EV/Equity bridge with sample data and commentary.
case-studyinterviewebitdaev-equity-bridgetransaction-servicesKey Financial Metrics in Transaction Services
The essential financial metrics every Transaction Services analyst uses: EBITDA, NWC ratios, DSO, DPO, inventory days, and how to interpret them.
financial-metricstransaction-servicesfddebitdaMaintenance CapEx vs. Growth CapEx in FDD
Splitting capital expenditure into maintenance and growth components is a key FDD task. Learn the methodology and why it matters for buyers.
capexfddfinancial-due-diligenceebitda
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