000			03131cam a2200361 a 4500
999			_c10016 _d10016
001			15585866
005			20210829105500.0
008			090113s2010 nyua b 001 0 eng d
010			_a 2009000972
020			_a9780071267809
020			_a0071267808
035			_a(OCoLC)ocn244764048
040			_aFUE _cDLC _dYDX _dBTCTA _dYDXCP _dBNY _dCDX _dDLC _erda
050	0	0	_aHF5681.B2 _bP4134 2010
082	0	0	_a332.632042 _222 _bPSF
100	1		_aPenman, Stephen H. _eauthor
245	1	0	_aFinancial statement analysis and security valuation / _cStephen H. Penman.
250			_aFourth edition
264		1	_aNew York : _bMcGraw-Hill/Irwin, _c[2010]
264		4	_a©2010.
300			_axxiv, 754 pages : _billustrations ; _c27 cm.
336			_2rdacontent _atext
337			_2rdamedia _aunmediated
338			_2rdacarrier _avolume
504			_aIncludes bibliographical references and index.
505		0	_aList 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
520			_aThis 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.
650		0	_aFinancial statements.
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2ddc _cBK