Accounting for Value

Informationen zum Autor Stephen Penman Klappentext Despite their skills and extensive training, many analysts fail to recognize the basics of good accounting and its deployment in valuation. By focusing on abstract concepts such as measurement basis, exit values, and entity concepts, they miss out on the benfits of a practical approach to valuation. While modern finance has advanced important concepts, including diversification and risk measurement, effective and efficient accounting merges these tools with fundamental analysis to divine a true account of value. Inhaltsverzeichnis Introduction Chapter 1 Return to Fundamentals (and an Accounting for the History of Investment Ideas) Chapter 2 Anchoring on Fundamentals (and How Accounting Supplies the Anchor) Chapter 3 Challenging Market Prices with Fundamentals (and Deploying Accounting for the Challenge) Chapter 4 Accounting for Growth from Leverage (and Protection from Paying Too Much for Growth) Chapter 5 Accounting for Growth in the Business (and More Protection from Paying Too Much for Growth) Chapter 6 Accounting for Risk and Return (and a Remedy for Ignorance About the Cost-of-Capital) Chapter 7 Pricing Growth (and a Revision to Value Versus Growth Investing) Chapter 8 Fair Value Accounting and Accounting for Value Chapter 9 Adding Value to Accounting Chapter 10 The Intelligent Investor and the Intelligent Accountant

Product details

• Authors: Stephen Penman, Stephen (Columbia Business School) Penman, Penman Stephen
• Publisher: Columbia University Press
• Languages: English
• Product format: Hardback
• Released: 14.02.2011
• EAN: 9780231151184
• ISBN: 978-0-231-15118-4
• No. of pages: 264
• Dimensions: 159 mm x 235 mm x 23 mm
• Series: Columbia University Press; Columbia Business School Publishing; Columbia Business School Publishing; Columbia Business School Publi
• Subjects: Social sciences, law, business > Business > Business administration; Anlagen und Wertpapiere, Management: Entscheidungstheorie, BUSINESS & ECONOMICS / Accounting / General, BUSINESS & ECONOMICS / Accounting / Financial, Financial Accounting, Finance & accounting, Management decision making, Investment and securities