The new edition of Business Analysis and Valuation builds on the strong success of the first IFRS edition, providing students with the knowledge of how to use financial statement information to assess a firms financial performance, value, and creditworthiness. The text is primarily aimed at Masters and upper-level undergraduate programs in business and builds a bridge between accounting and finance, therefore making it accessible to both finance and accounting students. The distinctive strengths of this text include a large number of real-world cases used to illustrate theory; the step-by-step analysis methodology, and the extensive discussion of strategy analysis. The presentation of material is based on business analysis before financial analysis, which ensures that financial analysis is approached in a real-world manner and is driven by strategy. The pedagogy is geared toward helping students to develop strong practical skills using current applications and supported by the extra interactive material on the companion website.
Part 1 Framework 1 A Framework for Business Analysis and Valuation Using Financial Statements Part 2 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 3 Business Analysis and Valuation Applications 9 Equity Security Analysis 10 Credit Analysis and Distress Prediction 11 Mergers and Acquisitions 12 Communication and Governance