"Changing companies with numbers"

A company's numbers are not mere results, but the outcome of a manager's judgment and choices. A single accounting treatment, a closing decision, or a financing method can change profits, taxes, financial structure, and even corporate value. In the Advanced Course, we go beyond the financial statement analysis learned in the Intermediate Course to learn how to transform a company's numbers by connecting the flow of accounting judgment → closing → taxation → accounting fraud → capital transactions → financial structure improvement. You will understand the impact of accounting judgments—such as bad debts, inventory valuation, the distinction between expenses and assets, and accounting estimates and errors—on financial statements, and examine the boundary between tax saving and accounting fraud through the relationship between closing and tax adjustments. Furthermore, you will learn how to detect traces of accounting fraud and window dressing by analyzing closing entries and anomalies in financial statements, and analyze the impact of major capital transactions—such as treasury stock, convertible bonds, goodwill, and M&A—on a company's numbers and value. Finally, you will design financial structure normalization plans, such as capital increases, debt-to-equity swaps, debt restructuring, and profit structure improvements, to respond to corporate financial risks like excessive debt, capital impairment, and continuous losses.