“Our investment team very much enjoyed the forensic accounting course – with relevant reminders for the vintage corporate collapses, such as Polly Peck, and the more recent falls from grace, like Carillion or Patisserie Valerie. It is our job to avoid the portfolio torpedoes at all costs, which come from poor accounting. It is always helpful to be reminded of them, especially at this stage in the cycle. Our team’s discussions continued long after Steve’s departure. Behind the Balance Sheet planted an essential seed for fund managers and analysts alike - to question company numbers with greater scrutiny. Thank you.”
Sebastian Lyon Founder and CIO, Troy Asset Management
It is easy to forget in a world where companies’ own narratives tend to dominate opinion that there is still a critical place for financial analysis. Financial statements tell their own story, one that often challenges the company’s tale. 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. His course covers the basics and is full of anecdotes, examples and tips – as well as plenty of surprises. You will learn a lot, be able to challenge and question companies more, and make better informed investment decisions.
Andrew Stobart & Baillie GiffordInvestment Manager, Emerging Markets Fund
“Investing is all about finding an opportunity and grabbing it with both hands; the same applies to education and having been on a number of courses in my lifetime, I highly doubt you will EVER find such an opportunity as a course like this.”
Charlie, London Analyst Academy February 2020 Cohort
“Steve's Analyst Academy is a course packed with high-quality content, with a fantastic mix of video and written material, quizzes to test your new-found (or re-discovered!) knowledge and what seems like an endless supply of extracurricular material to get your teeth stuck into.”
Ben, WokinghamAnalyst Academy February 2020 Cohort
“Great and insightful course – Steve combines a deep theoretical knowledge with the practical understanding of a seasoned equity analyst. Behind the Balance Sheet offers useful lessons and additional resources for the serious analyst. I enjoyed the course and recommend it to my peers.”
Philipp StampferLansdowne
‘A great course, really useful to hear from Steve and benefit from his many years of experience, he was very generous with his time and provided additional help outside the original brief’. An extended bull market and low rates has encouraged a very creative and loose accounting culture and this is a great course getting you prepared for when the tide goes out’
Justin AbercrombieSchroders
Excellent course, relevant and suitable for all levels of experience from entry level analysts to seasoned portfolio managers. Steve does a great job in categorising the various relevant topics and manages to make the sometimes dull topics more entertaining.
Monesh KirpalaniIbis Capital
“I found the case studies and examples very useful; it really opened by eyes to the importance of challenging company management on the numbers presented in the financial accounts, particularly within the cash flow statement.”
Dominic CarverEquity Analyst, Close Brothers Asset Management 
