Analisis y valuacion de negocios usando estados fiancieros

by Krishna G. Palepu, Paul M. Healy, Victor L. Bernard

This book discusses a series of techniques in financial statement analysis such as (1) Business strategy analysis for devloping an understanding of a firm's competitive strategy (2) Accounting analysis for representing the firm's business economics and strategy in its financial statements and for developing adjusted accounting measures of performance (3) Financial analysis for ratio analysis and cash flow measures of operating, financing, and investing performance, and (4) Prospective analysis for developing forecasted financial statements and for estimating firm value. Applications to equity security analysis, credit analysis, mergers, financing, and management communications are also included.

Genres: Finance, Business, Textbooks, Accounting, Economics

301 pages, Paperback

First published January 1, 1996

Reviews

[Jose Parra · Rating 4 out of 5]

comparisons of IFRS and GAAP are interesting

[Greg · Rating 3 out of 5]

Textbook for financial analysis of businesses. I felt like it was put together from different pieces and didn't contain full mental models of the issues discussed.

It contains information on:
- competitiveness analysis
- basic accounting rules
- financial statement analysis (also motives for management to use accounting rules to suit their bonuses and how to spot them e.g. changes of rules without adequate reason)
- financial forecasting
- valuation techniques (DCF, Discounted Abnormal Earnings, Price Multiples - no mention e.g. price to multi-year multiples like CAPE)
- credit analysis
- mergers and acquisitions analysis (pricing, financing, friendly vs hostile)

In summary the book contains valuable information but it is not a great book.

[Andy Tan · Rating 4 out of 5]

good.

[دينـا]

its foucs more on finance than accounting , i found some difficalte with the way of book but its good ..

[Jay Vallender]

Pretty sure there is an Asia Pacific edition but read the edition in uni back in the day. It was provided to the class with a PDF link and was able to use it in class. I think there is a similar valuation book from Aswath Damodaran that is based on reviews comparable. I have that one to read so may come back to update. Otherwise case studies were the highlight. Maybe review the contents for the company names then do a search for them for your own analysis.