This text helps readers analyse any company's financial statements to reveal its true condition and value. By integrating strategic business knowledge into financial statement analysis, it provides a strong framework for using financial statement data in a variety of business analysis and valuation contexts. Cases are integrated throughout.
In an ever-changing strategic environment, it is essential to understand how accurately the financial statements filed by management reflect the health and value of a business. This text helps readers analyse any company's financial statements to reveal its true condition and value. By integrating strategic business knowledge into financial statement analysis, this book provides a strong framework for using financial statement data in a variety of business analysis and valuation contexts. Relevant cases from Harvard Business School are integrated throughout, along with new Australian and regional cases to help students relate the theory to practice in an Asia-Pacific context.
Part One: Framework 1. A Framework for business analysis and valuation using financial statements Part Two: Business analysis and valuation tools 2. Strategy analysis 3. Overview of accounting analysis 4. Implementing accounting analysis 5. Financial analysis 6. Prospective analysis: Forecasting 7. Prospective analysis: Valuation theory and concepts 8. Prospective analysis: Valuation implementation Part Three: Business analysis and valuation applications 9. Equity security analysis 10. Credit analysis and distress prediction 11. Mergers and acquisitions 12. Communication and governance Part Four: Additional cases Index