02138cam a2200229Mi 4500 0 0 0 GIMPA GIMPA REF 2018-11-20 Purchase 0 HF 5681 PEN 67853 2020-08-21 2023-02-23 BK 0 0 0 GIMPA GIMPA GEN 2018-11-20 Purchase 0 HF 5681 PEN 67856 2020-08-21 2023-02-23 BK 0 0 0 GIMPA GIMPA GEN 2018-11-20 Purchase 0 HF 5681 PEN 67855 2020-08-21 2020-08-21 BK 273 273 9780071326407 0071326405 HF 5681 PEN Penman, Stephen H., Financial statement analysis and security valuation 5eD. New York (N.Y.) : Mcgraw-Hill, c2013. 1 v. (xxvi-740 pages.) : Illustrations. Includes index. How financial statements are used in valuation -- Cash accounting, accrual accounting, and discounted cash flow valuation -- Accrual accounting and valuation: pricing book values -- Accrual accoutning and valuation: pricing earnings -- Valuation and active investing -- Viewing the business through the financial statements -- The analysis of the statement of shareholders' equity -- The analysis of the balance sheet and income statement -- The analysis of the cash flow statement -- The analysis of profitability -- The analysis of growth and sustainable earnings -- The value of operations and the evaluation of enterprise price-to-book ratios and price-earnings ratios -- Anchoring on the financial statements: simple forecasting and simple valuation -- Full-information forecasting, valuation, and business strategy analysis -- Creating accounting value and economic value -- Analysis of the quality of financial statements -- The analysis of equity risk and return for active investing -- The analysis of credit risk and return -- A summary of formulas. Valuation is at the heart of investing. A considerable part of the information for valuation is in the financial statements. Financial Statement Analysis and Security Valuation, 5 e by Stephen Penman shows students how to extract information from financial statements and use that data to value firms. The 5th edition shows how to handle the accounting in financial statements and use the financial statements as a lens to view a business and assess the value it generates. r�esum�e. Risk assessment. Financial statements. Risk assessment. Evaluation. BK