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    Financial Statement Analysis and Security Valuation

    Financial Statement Analysis and Security Valuation by Penman, Stephen;

    Series: Asia Higher Education Business & Economics Accounting;

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    Product details:

    • Edition number 5
    • Publisher McGraw-Hill Education
    • Date of Publication 16 June 2012

    • ISBN 9780071326407
    • Binding Paperback
    • No. of pages0 pages
    • Size 255x201x43 mm
    • Weight 1270 g
    • Language English
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    Long description:

    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 the financial statements as a lens to view a business and assess the value it generates.

    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 the financial statements as a lens to view a business and assess the value it generates.

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    Table of Contents:

    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 Variation

    5 Accrual Accounting and Valuation: Pricing Book Values

    6 Accrual Accounting and Valuation: Pricing Earnings

    7 Valuation and Active Investing

    PART TWO: The Analysis of Financial Statements

    8 Viewing the Business Through the Financial Statements

    9 The Analysis if the Statement of Shareholders' Equity

    10 The Analysis of the Balance Sheet and Income Statement

    11 The Analysis of the Cash Flow Statement

    12 The Analysis of Profitability

    13 The Analysis of Growth and Sustainable Earnings

    PART THREE: Forecasting and Valuation Analysis

    14 The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios

    15 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

    17 Creating Accounting Value and Economics Value

    18 Analysis of the Quality of Financial Statements

    PART FIVE: The Analysis of Risk and Return

    19 The Analysis of Equity Risk and Return for Active Investing

    20 The Analysis of Credit Risk and Return

    Appendix

    A Summary of Formulas

    Index

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