02486cam a2200265Mi 4500952010400000952010400104952010400208999001300312020001800325020001500343050001700358100002400375245005600399250000900455260004400464300004500508500002000553505106400573520049201637650002102129650002602150650002102176650001602197942000702213  001040aGIMPAbGIMPAcREFd2018-11-20ePurchasel0oHF 5681 PENp67853r2020-08-21w2023-02-23yBK  001040aGIMPAbGIMPAcGENd2018-11-20ePurchasel0oHF 5681 PENp67856r2020-08-21w2023-02-23yBK  001040aGIMPAbGIMPAcGENd2018-11-20ePurchasel0oHF 5681 PENp67855r2020-08-21w2020-08-21yBK  c273d273  a9780071326407  a007132640514aHF 5681bPEN1 aPenman, Stephen H.,10aFinancial statement analysis and security valuation  a5eD.  aNew York (N.Y.) :bMcgraw-Hill,cc2013.  a1 v. (xxvi-740 pages.) :bIllustrations.  aIncludes index.0 aHow 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.8 aValuation 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. 0aRisk assessment. 7aFinancial statements. 7aRisk assessment. 7aEvaluation.  cBK