Financial statement analysis and security valuation - Brossura

Penman, Stephen N.

Brossura

ISBN 10: 0071326405 ISBN 13: 9780071326407

Casa editrice: McGraw-Hill Education, 2012

Riassunto

Valuation is at the heart of investing. A considerable part of the information for valuation is in the financial statements. Financial Statement Analysis and Security Valuation, 5 e by Stephen Penman shows students how to extract information from financial statements and use that data to value firms. The 5th edition shows how to handle the accounting in financial statements and use those statements as a lens to view a business and assess the value it generates.

Su questo libro

L'autore:

The George O. May Professor and the Morgan Stanley Research Scholar in the Graduate School of Business, Columbia University. He also serves as co-director of Columbia's Center for Excellence in Accounting and Security Analysis. Prior to his appointment at Columbia in 1999, Stephen Penman was the L.H. Penny Professor in the Walter A. Haas School of Business at the University of California at Berkeley. From 1990-95 he served a Chairman of the Professional Accounting Program and Chairman of the Accounting Faculty at Berkeley. He also initiated and chaired Berkeley's Annual Conference on Financial Reporting. He has served as a Visiting Professor at Columbia University and the London Business School of Economic. Professor Penman received a first-class honors degree in Commerce from the University of Queensland, Australia, and M.B.A. and Ph.D. degrees from the University of Chicago.

Contenuti:

List of Cases
List of Accounting Clinics

1 Introduction to Investing and Valuation
2 Introduction to the Financial Statements

Part One Financial Statements and Valuation
3 How Financial Statements Are Used in Valuation
4 Cash Accounting, Accrual Accounting, and Discounted Cash Flow Valuation
5 Accrual Accounting and Valuation: Pricing Book Values
6 Accrual Accounting and Valuation: Pricing Earnings

Part Two The Analysis of Financial Statements
7 Viewing the Business Through the Financial Statements
8 The Analysis of the Statement of Shareholders’ Equity
9 The Analysis of the Balance Sheet and Income Statement
10 The Analysis of the Cash Flow Statement
11 The Analysis of Profitability
12 The Analysis of Growth and Sustainable Earnings

Part Three Forecasting and Valuation Analysis
13 The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios
14 Anchoring on the Financial Statements: Simple Forecasting and Simple Valuation
15 Full-Information Forecasting, Valuation, and Business Strategy Analysis

Part Four Accounting Analysis and Valuation
16 Creating Accounting Value and Economic Value
17 Analysis of the Quality of Financial Statements

Part Five The Analysis of Risk and Return
18 The Analysis of Equity Risk and Return
19 The Analysis of Credit Risk and Return

Appendix A Summary of Formulas
Index

Su questa edizione

• Editore: McGraw-Hill Education
• Data di pubblicazione: 2012
• ISBN 10: 0071326405
• ISBN 13: 9780071326407
• Rilegatura: Copertina flessibile
• Numero edizione: 5
• Numero di pagine: 766