Ledger Archives
The Revenue Riddle-Detecting Seasonal Fluctuations vs. Growth
Not all revenue growth is what it seems. In this Sherlock-style forensic finance investigation, learn to distinguish seasonal revenue spikes from true growth trends. Includes red flags, live case analysis, and tools for detection.
Ledger Archives
The Vanishing Operating Margin-Expenses Rising Faster Than Revenue
Revenue is rising — but profits are vanishing. In this Sherlock-style forensic finance case, investigate how bloated expenses and misleading margins can deceive investors. Includes red flags, WeWork’s real story, and a detective's analysis.
Red Flag Riddles
Case File I: The Curious Calculations of Corporate Crime
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Ledger Archives
Depreciation – The Art of Aging Gracefully (on Paper)
“Unraveling the mysteries of aging assets — a forensic journey through depreciation.”
Elementary Finance
What Does “EBITDA” Even Mean?
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A storm rumbles outside. Holmes lounges by the fireplace, violin in hand. Watson flips through an investor deck, eyebrows raised higher with each slide. WATSON:
Holmes, I’ve encountered this blasted term again—EBITDA. Every startup swears...
Ledger Archives
Gross Profit vs. Net Profit – Don’t Be Fooled by Big Numbers
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Holmes lounges in his armchair with a stack of glossy annual reports. Watson bursts in, cheeks red, holding a file marked “CONFIDENTIAL – Investor Summary.” WATSON:
Sherlock, this company reports a 60% profit! Surely, it’s...
Ledger Archives
The Working Capital Conundrum-When Profit Smiles but Cash Disappears
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A thick fog clings to the windows. Watson arrives, a fresh income statement in one hand and a frown on his face. Sherlock is already at the desk, eyes narrowed over a stack...
Elementary Finance
The Case of the Connected Financial Statements
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Watson leans over a stack of ledgers. Holmes, teacup in hand, peers over a set of three aged parchment scrolls: P&L, Balance Sheet, and Cash Flow Statement. WATSON:
Sherlock, I’ve finally wrapped my head around...