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Business Analysis Valuation: Using Financial Statements

Author(s): Krishna G. Palepu | Paul M. Healy

ISBN: 9788131526644

5th Edition

India Release: 2015

₹510

Binding: Paperback

Pages: 332

Trim Size: 254 x 203 mm

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BUSINESS ANALYSIS & VALUATION: USING FINANCIAL STATEMENTS, 5E has a valuation emphasis and focuses on a four-part framework: (1) business strategy analysis for developing 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; and (4) prospective analysis. The text shows how this business analysis and valuation framework can be applied to a variety of decision contexts: securities analysis, credit analysis, corporate financing policies analysis, mergers and acquisitions analysis, and governance and communication analysis.

Focuses on valuation techniques, especially using book values and earnings forecasts.
Offers a flexible framework suitable for students in various business careers.
Explains entity-level valuation, including multi-business unit firms.
Includes discussion questions at the end of chapters to reinforce concepts without needing full case studies.
Features case studies that explore business analysis and valuation in real-world decision-making contexts.
Covers four types of financial statement analysis: Business strategy analysis, Accounting analysis, Financial analysis, Prospective analysis.
Demonstrates applications in Credit analysis, Securities analysis, Mergers and acquisitions, Financing policy, Management communication
Addresses revenue recognition challenges, such as: Advance payments, Bundled services
Discusses expense recognition and allocation, including: Depreciation, Asset cost allocation
Contains chapters on income statement and balance sheet analysis, emphasizing accounting adjustments.

Part I: FRAMEWORK.

1. A Framework for Business Analysis and Valuation Using Financial Statements.

Part II: 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 III: BUSINESS ANALYSIS AND VALUATION APPLICATIONS.

9. Equity Security Analysis.

10. Credit Analysis and Distress Prediction.

11. Mergers and Acquisitions.

12. Communication and Governance.

Paul M. Healy

Paul M. Healy is James R. Williston Professor of Business Administration, and Unit Head, Accounting and Management, at Harvard Business School, Harvard University.

Krishna G. Palepu

Krishna G. Palepu is the Ross Graham Walker Professor of Business Administration and Senior Associate Dean for International Development at the Harvard Business School, Harvard University.