This book describes valuation as an exercise in financial statement analysis. Students learn to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firm's debt and equity. The book takes an activist approach to investing, showing how the analyst challenges the current market price of a share by analyzing the fundamentals. With a careful assessment of accounting quality, accounting comes to life as it is integrated with the modern theory of finance to develop practical analysis and valuation tools for active investing.Links to firmsa#39; financial statements and to many other sources of financial information. You will also ... The Instructor Center on the booka#39;s Web site contains the following: ac Solutions Manual with detailed solutions to the end-of-chapter material.
Title | : | Financial Statement Analysis and Security Valuation |
Author | : | Stephen Penman |
Publisher | : | McGraw-Hill/Irwin - 2006-01-30 |
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