What exactly is FDD? I am confused about the different names the firms call these positions

like
Posting as :
works at
You are currently posting as works at

FDD typically falls under transaction advisory services, transaction services or transaction diligence.

It is just one piece in the broader M&A cycle. In a very simplistic view, sponsors hire a firm (a bunch of accountants) to do a Quality of Earnings analysis so that they can essentially get an EBITDA number to base the valuation off of and a net working capital analysis to peg NWC prior to sale

likesmart

Exactly ( deal advisory)

Basically a backward looking accounting audit of a transaction. Outside USA there will also be some forward projections review

Accountants are pretty stigmatized in the US though by people in those sort of jobs. Idk if that’s the case in the UK or Canada.

Related Posts

Anyone in Deloitte M&A? Currently in Accounting and internal controls but looking to transfer in the next 6 months. Would love to talk.

like

What’s the Office culture like at PwC international tax team in Houston office? I’m in mid market CPA firm and trying to get into that office.

Which firm has the best deals practice?

Is the KPMG technology risk practice their IT audit practice? KPMG

like

Could anybody provide any insights about the role of an acon in the deal advisory- deal origination team at KPMG

like

Any insight for P&G sales roles? Professional segment of the business

likehelpful

What is the RA team at EY called? And how are your hours? Busy season?

like

Hi Fishes, Any clue how is the EY GDS knowledge team? is it worth-it to join? I heard work pressure is lot over there with extended work hours!

likesmart

Does anyone know anything about Deloitte's US Delivery Center? They have reached out to me but I can't figure out how they are different than a regular Deloitte Consulting role.

What is servicenow consulting?

like

Guys I got an offer for Deloitte CBO AMI AMM entity. Anyone aware of this group, work hours, scope of work. Is it worth considering?

Hello anyone from the EY Cybersecurity (Data Protection and Privacy) practice?

like

I've been contacted by a recruiter from PwC about roles in their new "PwC Cloud Practice".

Does anyone have any info on this new practice and how it differs to mainline PwC?

I know a lot of Management Consultancies set up their Tech Subsidiaries like a poor relative with sub par expenses and compensation policies etc. Don't know if this is the case here?
PwC

like

BMO Audit team vs TD bank Compliance team?
Any feedback on how the teams are.

like

Hey Fishes, What is AME Tech in Accenture- DCN Internal ? I have been assigned this project. It would be great if someone can give a brief about it please. Accenture India Accenture

Anyone have an idea of what someone could expect coming into Deloitte Oracle HCM practice at Senior Manager?

like

Any feedback on PwC forensics practice? Good, bad and ugly?

funnylike

We are looking to restructure our marketing team (B2B IT services) and one of the questions I have is: how does recruitment marketing / employer branding fit into the marketing team?
Over the last year EB and RM have become increasingly larger parts of our team’s work, but it’s not part of the marketing commercial targets (just helping recruitment meet their targets). Are they completely separate in your company? Or part of the team and if so how?

Any insight into STB’s tax group?

like

If I want to transition into M&A from audit, what are some basic things I should consider?

like

More Posts

What is the job role and salary package?

My status in TCS portal is showing as Evualted and Docs are pending for verification..When can I expect the offer letter?

like

Hello,
Does Cognizant provide reimbursement for WFH setup?

Which will be the best between JPMC and Nagarro (permanent work from home)?
Please suggest.

like

What are we supposed to do with our kids during Winter break when school is closed for TWO WEEKS and we need to hit our billables?

like

Has anyone dealt with codependency issues in their relationships as an addict? What were the main things that helped you with this?

like

After a break up, I'm meeting people again now.
How do I not compare them with my ex?

like

How does IT SOX audit in industry usually do during recessions?

likehelpful

Any ideas for mid-level roles that are a mix of business-facing and technical and bring value to companies but are not typically present in smaller companies?

I am trying to create a new role that suits my background at my dream company. It is a smaller company, but is rapidly growing and has the capability to create new roles.

like

Hello please join!

Anyone know about what "Business Review" status mean ?

like

Just made a 38% return selling our house after 2.5 years. 🤗

likeuplifting

Does your job offer a pension? Care to share? I’m wondering if ours is competitive and also wondering whether to stay or leave for greener pastures?
Population: around 35K; 5 years to vest; retirement age 65; pension calc based on average of last 5 years’ salary times years in service times multiplier; multiplier is 1.25%. TIA!

like

Hi all,
I got offer from Accenture. I am having 2 years of experience in TCS as java developer.
Please comment work life balance in Accenture.

like

Hi everyone
I have less than a month left in serving notice period and i am looking for opportunities as an AZURE DEVOPS engineer. I would really appreciate of someone can help me with a referral.

Skill stack: Azure Devops
YOE:4.8 years

Thanks all in advance

like

What's the salary band for associate consultant and consultant at KPMG global services for a person in a technology team (advisory/consulting)?

like

When are we getting rid of the mask mandate in LA County?

Post Photo
like

My head is beginning to not hurt and that worries me. I am used to banging it against a wall the entire day (theoretically). I work with people that I struggle to communicate with and/or they are extremely uneducated about various things that I used to think were the basics. I grew up poor and paid for everything myself; Money drives me. Where do I even begin to look to know what I should be doing?Sales is too easy, I need a challenge. I am good at inventing solutions. Ideas?

like

Is anyone here a member of Equinox Sports Club in West LA? Curious how crowded it gets, particularly in the evenings around 8.

like

Additional Posts in Transaction Services, M&A, Deal Advisory

Anyone in FP&A hiring?

like

Recommendations for websites or newsletters to subscribe to, to stay informed on anything finance related or deals related? Any podcasts too. Thank you

likehelpful

My friend close friend just got an offer for senior at another firm. 13k more than me 🥴

like

What kind of work do people in restructuring consulting do? What’s a typical day like?

like

How many hours would you work when you have your 2 weeks in? Would you work weekends?

like

I have to say EY FDD interview process was very scary lol a little nervous on if I will be getting it or not

like

EY TARAS or EY GCR??? Between these 2 service lines which has better pay and opportunities??

like
like

Does anyone know if the excel skill assessment is the last part of the hiring process for Baker Tilly?

like

Does it make sense to take a pay cut if given a chance to join the corp dev team of a growing company? Currently a manager in Fdd

like

What are some of the best M&A conferences attended?

like

Is it possible to transfer from audit 8 months in to FDD considering this market? I feel undervalued and want to contribute more…

like

Can a searchfunder (with a finance degree background) lateral to a TAS role?

like

Anyone in EY Divestiture Advisory Services? Trying to get a sense for what this is (besides what I can guess from the name). Is this in EY Parthenon?

like

Anyone in tax m&a left for industry? What role did you take and what was the pay like? JD here but interested in both JD and CPA’s experiences.

like

How are the FDD hours at PwC Chicago?

like

How long do you think this M&A slowdown will last?

like

Could someone shed the light on the fdd deal flow in mm? Are you guys busy on deals? I’ll start in three weeks and I’m worried about the negative impact of economy. My location is nyc

like

Anyone recently had an interview at EY for experienced associate for FDD?

like

Okay not going to lie — doing this rotation remote has been/is tough and I’m only a month in. I can’t keep up with the excel skills of you FDD people and pretty sure the director hates me 😭

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal