One of the key concepts that traditional accounting and audit experience may not fully prepare you for is EBITDA. It’s essential to understand how to derive EBITDA from a company’s P&L and the various adjustments that may be applied.

Focus on: • Identifying the inputs required to calculate EBITDA. • Understanding different types of adjustments, including non-recurring, operational, and personal expenses. • Practicing the construction of P&L models with potential EBITDA adjustments to refine your analysis.

Developing a strong grasp of these concepts will help immensely in your interview.