Stephen Penman

Accounting for Value

• Gebundenes Buch

Produktbeschreibung

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.

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Produktdetails

• Verlag: Columbia University Press
• Seitenzahl: 264
• Erscheinungstermin: 30. Dezember 2010
• Englisch
• Abmessung: 238mm x 161mm x 27mm
• Gewicht: 586g
• ISBN-13: 9780231151184
• ISBN-10: 0231151187
• Artikelnr.: 30632328

Autorenporträt

Stephen Penman

Inhaltsangabe

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