Financial statement analysis and security valuation
Author(s)
Bibliographic Information
Financial statement analysis and security valuation
McGraw-Hill/Irwin, c2004
2nd ed
- : international ed
Available at / 33 libraries
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Note
Includes index
Description and Table of Contents
- Volume
-
: international ed ISBN 9780071232630
Description
This text focuses on the output of financial statements, not the input. As such, the book asks what financial statements tell you, not how they are prepared. The idea is to get students to see accounting "working." The particular use of financial statements that the book focuses on is valuation. The text takes the approach that the best way to accurately value a firm is to look at the future earnings of the firm. The main pretext of the book is that financial statement analysis and valuation analysis are inextricably entwined: valuation is an exercise in financial statement analysis. Financial statement analysis is directed by the need to get information for valuation. Accordingly, the book brings finance and accounting concepts together. The book stresses concepts, but the idea is to show how to move from concepts to practice.
Table of Contents
1. Introduction to Investing and Valuation2.Introduction to the Financial StatementsPart 1 Financial Statements and Valuation3.How Financial Statements Are Used in Valuation4.Cash Accounting, Accrual Accounting and Discounted Cash Flow Valuation5.Accrual Accounting and Valuation: Pricing Book Values6.Accrual Accounting and Valuation: Pricing EarningsPart 2 The Analysis of Financial Statements7.Business Activities and Financial Statements8.The Analysis of the Statement of Shareholders' Equity9.The Analysis of the Balance Sheet and Income Statement10.The Analysis of the Cash Flow Statement11.The Analysis of Profitability12.The Analysis of Growth and Sustainable EarningsPart 3 Forecasting, Valuation and Strategy13.The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios14.Simple Forecasting and Simple Valuation15.Full-Information Forecasting, Valuation, and Business Strategy AnalysisPart 4 Accounting Analysis and Valuation16.Creating Accounting Value and Economic Value17.Analysis of the Quality of the Financial StatementsPart 5 The Analysis of Risk 18.The Analysis of Equity Risk and the Cost of Capital19.The Analysis of Credit Risk
- Volume
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ISBN 9780072533170
Description
Penman's Financial Statement Analysis and Security Valuation 2/e focuses on the output of financial statements, not the input. As such, the book asks what financial statements tell you, not how they are prepared. The idea is to get students to see accounting "working." The book focuses on using financial statements in valuation. The text takes the approach that the best way to accurately value a firm is to look at the future earnings of the firm. The main pretext of the book is that financial statement analysis and valuation analysis are inextricably entwined: valuation is an exercise in financial statement analysis. Financial statement analysis is directed by the need to get information for valuation. Accordingly, the book brings finance and accounting concepts together. The book stresses concepts, but the idea is to show how to move from concepts to practice.
Table of Contents
1.Introduction to Investing and Valuation2.Introduction to the Financial StatementsPart 1 Financial Statements and Valuation3.How Financial Statements Are Used in Valuation4.Cash Accounting, Accrual Accounting and Discounted Cash Flow Valuation5.Accrual Accounting and Valuation: Pricing Book Values6.Accrual Accounting and Valuation: Pricing EarningsPart 2 The Analysis of Financial Statements7.Business Activities and Financial Statements8.The Analysis of the Statement of Shareholders' Equity9.The Analysis of the Balance Sheet and Income Statement10.The Analysis of the Cash Flow Statement11.The Analysis of Profitability12.The Analysis of Growth and Sustainable EarningsPart 3 Forecasting, Valuation and Strategy13.The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios14.Simple Forecasting and Simple Valuation15.Full-Information Forecasting, Valuation, and Business Strategy AnalysisPart 4 Accounting Analysis and Valuation16.Creating Accounting Value and Economic Value17.Analysis of the Quality of the Financial StatementsPart 5 The Analysis of Risk 18.The Analysis of Equity Risk and the Cost of Capital19.The Analysis of Credit Risk
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