Business Analysis and Valuation Using Financial Statements, Text and Cases,9780324015652

Business Analysis and Valuation Using Financial Statements, Text and Cases

by ; ;
ISBN13: 9780324015652
ISBN10: 0324015658
Format: Hardcover
Pub. Date: 1999-12-24
Publisher(s): South-Western College Pub
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Author Biography

Krishna G. Palepu is the Ross Graham Walker Professor of Business Administration and the Chair of the Accounting and Control Department at the Harvard Business School.

Table of Contents

Part 1 Framework
A Framework for Business Analysis and Valuation Using Financial Statements
1(1)
The Role of Financial Reporting in Capital Markets
2(1)
From Business Activities to Financial Statements
3(4)
From Financial Statements to Business Analysis
7(3)
Summary
10(1)
Discussion Questions
10
Part 2 Business Analysis and Valuation Tools
Strategy Analysis
1(1)
Industry Analysis
1(1)
Degree of Actual and Potential Competition
2(3)
Relative Bargaining Power in Input and Output Markets
5(2)
Applying Industry Analysis: The Personal Computer Industry
7(2)
Competitive Strategy Analysis
9(1)
Sources of Competitive Advantage
10(1)
Achieving and Sustaining Competitive Advantage
11(1)
Applying Competitive Strategy Analysis
12(1)
Corporate Strategy Analysis
13(4)
Summary
17(1)
Discussion Questions
18
Overview of Accounting Analysis
1(1)
The Institutional Framework for Financial Reporting
1(6)
Doing Accounting Analysis
7(6)
Accounting Analysis Pitfalls
13(1)
Value of Accounting Data and Accounting Analysis
14(1)
Summary
15(1)
Discussion Questions
15
Asset Analysis
1(1)
Historical Cost and Conservatism
1(1)
Asset Reporting Challenges
2(13)
Common Misconceptions about Asset Accounting
15(2)
Summary
17(1)
Discussion Questions
18
Liability and Equity Analysis
1(1)
Liability Definition and Reporting Challenges
1(12)
Common Misconceptions about Liability Accounting
13(1)
Equity Definition and Reporting Challenges
13(3)
Summary
16(1)
Discussion Questions
16
Revenue Analysis
1(1)
The Revenue Recognition Rule
1(2)
Revenue Reporting Challenges
3(11)
Summary
14(1)
Discussion Questions
14
Expense Analysis
1(1)
Matching and Conservatism
1(1)
Expense Reporting Challenges
2(14)
Summary
16(1)
Discussion Questions
17
Entity Accounting Analysis
1(1)
Entity Reporting Challenges
1(12)
Summary
13(1)
Discussion Questions
14
Financial Analysis
1(1)
Ratio Analysis
1(21)
Cash Flow Analysis
22(6)
Summary
28(1)
Discussion Questions
29
Prospective Analysis: Forecasting
1(1)
Relation of Forecasting to Other Analyses
1(1)
The Techniques of Forecasting
2(5)
Elements of the Detailed Forecast
7(5)
Sensitivity Analysis
12(4)
Summary
16(1)
Appendix: The Behavior of Components of ROE
17(2)
Discussion Questions
19
Prospective Analysis: Valuation Theory and Concepts
1(1)
Defining Value for Shareholders
2(1)
The Discounted Abnormal Earnings Valuation Method
3(4)
Valuation Using Price Multiples
7(2)
Determinants of Value-to-Book and Value-Earnings Multiples
9(3)
Shortcut Forms of Earnings-Based Valuation
12(3)
The Discounted Cash Flow Model
15(1)
Comparing Valuation Methods
16(3)
Summary
19(1)
Appendix: Reconciling the Discounted Dividends and Discounted Abnormal Earnings Models
20(1)
Discussion Questions
21
Prospective Analysis; Valuation Implementation
1(1)
Detailed Forecasts of Performance
1(4)
Terminal Values
5(8)
Computing a Discount Rate
13(3)
Computing Estimated Values
16(5)
Summary
21(1)
Discussion Questions
21
Part 3 Business Analysis and Valuation Applications
Equity Security Analysis
1(1)
Investor Objectives
2(1)
Equity Security Analysis and Market Efficiency
3(2)
Approaches to Fund Management and Securities Analysis
5(2)
The Process of a Comprehensive Security Analysis
7(4)
Financial Statement Data and Security Prices
11(4)
Summary
15(1)
Discussion Questions
16
Credit Analysis and Distress Prediction
1(1)
The Market for Credit
2(1)
The Credit Analysis Process
3(8)
Financial Statement Analysis and Public Debt
11(4)
Prediction of Distress and Turnaround
15(1)
Summary
16(1)
Discussion Questions
17
Mergers and Acquisitions
1(1)
Motivation for Merger or Acquisition
1(4)
Acquisition Pricing
5(6)
Acquisition Financing
11(5)
Acquisition Outcome
16(2)
Summary
18(1)
Discussion Questions
19
Corporate Financing Policies
1(1)
Factors That Determine Firms' Debt Policies
1(1)
The Optimal Long-Term Mix of Debt and Equity
2(6)
The Financing of New Projects
8(3)
Factors That Determine Firms' Dividend Policies
11(4)
Summary
15(1)
Discussion Questions
16
Management Communications
1(1)
Communicating with Investors
1(3)
Communication Through Financial Reporting
4(4)
Other Forms of Communicating with Investors
8(4)
Summary
12(1)
Discussion Questions
12
Index 1(15)
Author Index 16

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