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Financial Due Diligence Course: The Big 4 Framework

An online video course for analysts, auditors and private equity professionals that teaches how Big 4 Transaction Services teams run a financial due diligence: P&L, revenue, COGS, Opex and Quality of Earnings analysis, with a full FDD Excel template. $449, lifetime access (as of October 2026).
Format

Online
Videos

Duration

+70 videos
+9 Hours

Refund Policy

100% Money Back*

Price

$449

Should I take the full FDD course or buy the parts separately?

It depends on what you need. If you will run or review a complete P&L due diligence, take the full course ($449): it covers every part, includes the full FDD Excel template and is the only option with the forecast review, for less than the parts bought separately ($536). If you only need one topic, such as revenue or Opex analysis, buy that part ($119). If you are new to FDD, start with the free Part 1. If your focus is EBITDA adjustments, the Quality of Earnings course ($179) is enough. Prices as of October 2026.
Created by

Pierre-Alexandre Heurtebize

Pierre is an ESSEC alumnus, one of the top business schools worldwide, with a specialization in finance and over 8 years of diverse experience in financial analysis. He has excelled as a Private Equity Associate, a PwC consultant in Transaction Services, and most recently, as the Investment & M&A Director at HoriZen Capital and Mast.


Recognized as one of the top financial model authors on Eloquens, his templates empower hundreds of finance professionals worldwide.


A prolific thought leader, Pierre regularly shares his expertise on finance, due diligence training, and investment strategies through articles featured on TechCrunch, Toptal, and his personal Medium page.

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Who This Course Is For

This dynamic course is your gateway to success if you're a training auditor ready to excel in transaction services, a forward-thinking financial analyst, a visionary CFO, or a strategic business analyst. FP&A managers, M&A consulting professionals, aspiring consultants, and private equity investors will also find invaluable insights and competitive advantages throughout the program.

Become an Expert in Financial Due Diligence

Unlock the skills used by top financial professionals with our Financial Due Diligence Training Course. You'll gain hands-on experience in conducting due diligence the way Big 4 accounting firms structure their engagements.

What You Will Learn:


✅ The Purpose of Due Diligence – Understand why it matters and how it's conducted in professional settings.

✅ P&L Financial Analysis – Learn to break down high-level trends, Revenue, COGS, Opex, and EBITDA adjustments.

✅ Quality of Earnings Analysis – Gain the skills to assess a company's true profitability.

✅ Budget & Forecast Review – Evaluate management’s financial projections with confidence.


💼 Real-World Application: This course includes a full P&L FDD Excel template, guiding you through each section with detailed video and written explanations.


Whether you're an aspiring consultant, financial analyst, or investor, this course equips you with the essential tools to succeed in M&A, private equity, or corporate finance.

👉 Get full lifetime access and start your journey in Financial Due Diligence today!

Get Started Today

  • Embark on a step-by-step journey to master P&L FDD financial analysis.
  • Enjoy complete access to all training modules with lifetime availability.
  • Plus, with our risk-free 48-hour refund policy, if you’re not satisfied (having watched less than 50% of the course), you'll receive a full refund.

Course Overview: What is Financial Due Diligence?

Course preview video (4:30): forecast review in the FDD Excel template

Course Curriculum

Course reviews

Pierre’s Financial Due Diligence Course is a Game-Changer!
A few months ago, I had no clue how to conduct proper due diligence or financial analysis. I used to gather revenue figures, put them in a chart, and call it a day—without really understanding the details. This beginner-friendly course broke everything down, from analyzing P&L statements to understanding COGS, expenses, and key financial metrics. Now, I’m faster and more confident in financial analysis. Thanks to this course, I landed an internship at a boutique investment bank—where my first week of training mirrored what I learned here. Plus, discussing financial due diligence in interviews was much easier with the hands-on experience I gained. Highly recommend this course to anyone looking to break into finance. The value is incredible. 
Pavan B
RefunD Policy

48 hours to ask for a refund

*As long as you haven't watched more than 50% of the training course, if you ask for a refund within 48 hours we will give you your money back right-away!

What You'll Learn in Our Financial Due Diligence Course

  • Comprehensive financial statements analysis
  • Building detailed financial due diligence reports
  • Step-by-step guidance on M&A due diligence process
  • How to use and customize a financial due diligence checklist
  • Practical examples and real-world case studies
  • Understanding the roles in financial due diligence jobs
  • Experience from top advisory firms (PwC, Deloitte, EY, KPMG)
  • What is financial due diligence 

Not ready for the full course?
Enroll in individual parts instead!

Frequently asked questions

What is financial due diligence (FDD)?

Financial due diligence (FDD) is the analysis of a target company's historical and forecast financial information, performed for a buyer, a lender or a seller before an M&A transaction. Its core outputs are the quality of earnings (normalised EBITDA), the analysis of net working capital and net debt, and the review of management's forecast. These figures feed directly into the price and the sale and purchase agreement (SPA).

What is included in a financial due diligence checklist?

A typical financial due diligence information request list covers: monthly management accounts and audited financial statements for the last 2 to 3 years, revenue by customer, product and geography, cost breakdowns (COGS, payroll, overheads), one-off and non-recurring items, monthly balance sheets for working capital, debt and debt-like items (leases, provisions, tax liabilities), the budget and business plan, and the reconciliation between management accounts and statutory accounts.

How long does financial due diligence take?

A full buy-side financial due diligence on a mid-market company typically takes 3 to 6 weeks, depending on the size and complexity of the target, the quality of the data room and how quickly management answers questions. A red-flag review with a limited scope can be completed in 1 to 2 weeks.

What skills are needed to get financial due diligence jobs?

Financial due diligence roles require solid accounting (reading a P&L, balance sheet and cash flow statement, accruals, revenue recognition), strong Excel skills, the ability to reconcile and adjust figures (EBITDA normalisations, net debt, working capital) and clear written reporting. Most FDD professionals come from audit, which is the main recruiting pool for Big 4 Transaction Services teams, or from corporate finance.

How do I prepare for a Big 4 financial due diligence interview (PwC, EY, Deloitte, KPMG)?

Expect technical questions on accounting (how a transaction flows through the three financial statements), quality of earnings adjustments, net debt and debt-like items, and normalised working capital, followed by a case study in which you analyse a P&L or a set of management accounts and comment on the trends. Practise explaining the impact of each adjustment on EBITDA and on the price paid by the buyer.

What financial due diligence services do Big 4 firms like PwC, EY, Deloitte, and KPMG provide?

The Transaction Services and Deal Advisory teams of PwC, Deloitte, EY and KPMG perform buy-side and vendor financial due diligence, red-flag reviews, quality of earnings, net debt and working capital analyses, and support on the sale and purchase agreement (locked box, completion accounts, price adjustment mechanisms). Tax, legal and commercial due diligence are usually carried out by separate specialist teams.
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