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Please note this is not the latest edition of the book, but it's much cheaper. You can find the lastest edition here.
Please note this is not the latest edition of the book, but it's much cheaper. You can find the lastest edition here.

Financial Statement Analysis and Security Valuation | 4th edition

by Stephen H. Penman

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Language English
Book type Paperback
Utgiven 2009-06-01
Edition 4
More editions 2012/5, 2012/5
Pages 800
ISBN 9780071267809
Kategori(er) Business, Economics & Management
 ↳ Finance & Calculation
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Description

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.

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