Financial statement analysis and security valuation
Penman, Stephen H.
Financial statement analysis and security valuation - 2nd Edition. - Boston : McGraw-Hill, c2004. - xxiii, 740 p. : illustrations ;
Includes index.
1. Introduction to Investing and Valuation 2. Introduction to the Financial Statements Part 1 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 2 The Analysis of Financial Statements 7. Business Activities and 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 3 Forecasting, Valuation and Strategy 13. The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios 14.Simple Forecasting and Simple Valuation 15. Full-Information Forecasting, Valuation, and Business Strategy Analysis Part 4 Accounting Analysis and Valuation 16. Creating Accounting Value and Economic Value 17. Analysis of the Quality of the Financial Statements Part 5 The Analysis of Risk 18. The Analysis of Equity Risk and the Cost of Capital 19. The Analysis of Credit Risk
This text focuses on the output of financial statements, not the input. As such, this 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 this book focuses on is valuation. This 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 this 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, this book brings finance and accounting concepts together. This book stresses concepts, but the idea is to show how to move from concepts to practice.
007253317X 9780072533170 007123263X 9780071232630
Financial statements.
332.6 / PEN
Financial statement analysis and security valuation - 2nd Edition. - Boston : McGraw-Hill, c2004. - xxiii, 740 p. : illustrations ;
Includes index.
1. Introduction to Investing and Valuation 2. Introduction to the Financial Statements Part 1 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 2 The Analysis of Financial Statements 7. Business Activities and 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 3 Forecasting, Valuation and Strategy 13. The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios 14.Simple Forecasting and Simple Valuation 15. Full-Information Forecasting, Valuation, and Business Strategy Analysis Part 4 Accounting Analysis and Valuation 16. Creating Accounting Value and Economic Value 17. Analysis of the Quality of the Financial Statements Part 5 The Analysis of Risk 18. The Analysis of Equity Risk and the Cost of Capital 19. The Analysis of Credit Risk
This text focuses on the output of financial statements, not the input. As such, this 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 this book focuses on is valuation. This 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 this 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, this book brings finance and accounting concepts together. This book stresses concepts, but the idea is to show how to move from concepts to practice.
007253317X 9780072533170 007123263X 9780071232630
Financial statements.
332.6 / PEN