Average customer rating:
- An excellent valuation book that should be well known by a wider audience
- Ground Up Valuation Techniques
- An ideal introduction to company valuation
- A Solid Introductory Valuation Text
- Fantastic book
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Corporate Finance: A Valuation Approach
Simon Z. Benninga , and
Oded H Sarig
Manufacturer: McGraw-Hill/Irwin
ProductGroup: Book
Binding: Hardcover
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Similar Items:
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Financial Modeling - 2nd Edition: Includes CD
-
Principles of Finance with Excel: Includes CD
-
Valuation: Measuring and Managing the Value of Companies, Fourth Edition
-
Financial Statement Analysis: A Valuation Approach (Pie)
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Building Financial Models with Microsoft Excel: A Guide for Business Professionals
ASIN: 0070050996 |
Book Description
Designed for courses in corporate finance, this text is a detailed description of the valuation process, providing an integrated, comprehensive method for valuing assets, firms, and securities across a wide variety of industries. The presentation begins with a review of financial and accounting techniques, proceeds with a presentation of the valuation process, leading towards the development of pro-forma financial statements and the translation of these projections into values. A key strength of this text is teaching students how to use pro forma financial statements as a basis for valuation.
Customer Reviews:
An excellent valuation book that should be well known by a wider audience.......2007-02-08
Simon Benninga's and Oded Sarig's "Corporate Finance: A Valuation Approach" (CFaVA) is one of those secret texts that true insiders cherish while other less efficient or significant works capture limelight.
"CFaVA" is comparable to the McKinsey group authors Koller, Goedhart, Wessels's "Valuation: Measuring and Managing the Value of Companies" and also Aswath Damodaran's "Investment Valuation: Tools and Techniques for Determining the Value of Any Asset" [Full disclosure: I've taught graduate Corporate Valuation with both texts].
Benninga and Sarig's work is excellent because it is lean while not oversimplified. The key chapter of estimating discount rates is the finest one-chapter treatment of the subject I've seen in my career, and should be required reading for any M&A or LBO banker or PE associate. The chapter on valuing by multiples is also useful for relative value and comparative scenarios for deal-makers.
Chapter 12 covers convertible securities, and it would be unfair to say it is bad simply because it is compressed and incomplete (entire libraries have been written on the subject of convertible bond valuation), but also appears out of place in the content of the book until you realize that the random elements of a stock price going forward in time intersect with capital structure choices and enterprise value, so the connection and recursive element of valuation is made at once explicit with an example.
An excellent book that should be well known by a wider audience.
Ground Up Valuation Techniques.......2002-01-18
If you are new to corporate finance valuation this book will take you to the next level. Provides step by step instruction on how to value companies. Covers Excel techniques with easy to follow examples. Covers 1 full semester at most business schools.
An ideal introduction to company valuation.......2001-09-21
This book offers a very simple introduction to evaluation of companies prior to investing. The DCF method is primarily used. There is a common thread running through the chapters which makes the book easy to understand. Its not verbose, which adds to its attractiveness. But, the readers should remember that this is only an introduction, and some other advanced book like Copeland's is needed to build upon the ideas presented in the book.
A Solid Introductory Valuation Text.......2000-12-18
This book does a good job of logically explaining the step-by-step method of corporate valuation. Benninga and Sarig do a good job of focusing on the practical tools of finance. I only wish the DCF examples were less simplistic. A substantial amount of additional work is needed to apply these models to real world firms.
Fantastic book.......2000-05-22
This book serves as an excellent introduction to and/or refresher on valuation techniques. The entire valuation process (primarily DCF) is broken down into a series of steps, each of which gets its own complete chapter. Each chapter is well written and builds on its predecessors.
A particular strength of the book is the authors' reference to Excel functions and which ones are useful in valuation models. This book is not just theory; there are concrete "how to" examples throughout. Once you've finished this book, you can do more than cite valuation theory: you can build valuation models.
One of the best finance books I've ever read.
Book Description
Learn the 25 keys to unlocking the powerful and useful information buried in corporate financial statements, including understanding balance sheets and income statements, defining accrual accounting, and valuing costs of goods sold, inventory and cash flow. Analyzing Financial Statements is part of The New York Times Pocket MBA Series, a reference series easily accessible to all businesspersons, from first-level managers to the executive suite.
Book Description
From balance sheets to income statements, learn the keys to unlocking the powerful and useful information buried in common financial statements.
Customer Reviews:
Decent Primer for Beginners.......2004-01-12
This is an excellent introduction to analyzing financial statements, at least for those who have never done so before or who have no background in business. It even is of benefit to seasoned financial people who don't necessarily spend a lot of time reviewing financial statements.
It covers quite a bit of information in a relatively small number of pages: taxation, inventories, cash flow, depreciation, capital investments, and even intangibles like Research and Development and market position. It is well organized and presented in plain Englsih, much to its credit.
However, keep in mind that this is more of a starting point. If you plan on spending a lot of time doing indepth analysis of financial statements, I would recommend starting with this book to provide the basics and then moving on to a more technical and detailed volume. You might want to pick an accounting and/or finance course along the way, too.
make it easily.......2001-08-28
with this book it will be easy for any one to start reading abourt financial statements.
Not As Good As They Say.......2001-08-14
I bought this guide to financial statements, and I was impressed on how much was covered in such a short book. However, much is vague and misleading to the reader. I would recommend questioning why all the reviewers that rank this book so well are from PA. Those reviews are undoubtably from people representing the authors. You may want to look elsewhere for more thourough input on financial analysis.
Good for novices.......2001-08-14
This is a good book if you do not know anything about financial statements analysis. However, since it belongs to the "Pocket MBA series", one would expect more advanced content.
How to convince your friends you are a CPA in ten minutes.......2000-09-09
Dr. Press has taken the time to consider the needs of every accounting enthusiast from the non-matriculated MBA student to the corporate CFO in this fine reference authority. A must for any eager minded business professional.
Book Description
For use as a supplement in
Principles of Accounting and
Introduction to Financial Accounting courses. Perfect for any accounting course where analyzing financial statements and understanding financial ratios is important.
This
activity workbook helps students analyze real company financial statement information. Each activity concentrates on only one aspect of the analysis and uses data from well-known corporations to pique students' interest and add relevancy.
Book Description
Fundamental Accounting Principles, 16e by Larson, Wild, Chiappetta is one of the most contemporary principles of accounting texts on the market. Its innovation is reflected in its extensive use of entrepreneurial examples, the integration of new computerized learning tools, and a highly engaging, pedagogical design. The new incorporation of the Topic Tackler / Accounting Cycle CD-ROM provides students with yet another advantage as they strive to understand the key concepts of accounting and their role in business. Our revision plan was devised with feedback from both users and non-users including focus groups from around the country. With years of research studying this market, our author team makes the 16th edition of Fundamental Accounting Principles one of the most innovative and reliable principles of accounting texts in the market.
Customer Reviews:
Great seller.......2005-10-02
Book was a little more used than described, but hey for the price it couldn't be beat. To bad my sylabus was wrong and the professor changed the edition. Anyhow, seller was excellent. Fast shipping and I would reccommend.
My first accounting book.......2005-02-16
I used this textbook for my first accounting class and it was by far the best. Examples are all spelled out step by step and the numerous exercies and problems contribute to a higher level of understanding. Buy the workbook offered. It will save you a lot of time normally spent setting up the problem. Much better then some of the higher level books I have used.
Fundamental Accounting Principles.......2000-12-12
This text was VERY helpful. The illustrations and examples were enough to explain the topic without havung to read the entire book.. Also the problems given at the end of each section were very good. Some were tough; however, the author starts you out with easy problems and works up to the more difficult ones. This text definitely is a good learning aid.
Book Description
Financial Statement Analysis shows stock market investors how to profit from the knowledge, insights and perceptions of professionals who use financial statement analysis tools and techniques on a day-to-day basis. This book is designed to provide the essential basics required to read, interpret and analyze a company's financial statements prior to making important investment decisions. Inside you'll learn:
- Horizontal and Vertical Analysis
- Common-Size Statements
- Financial Ratios
- Liquidity and Activity Ratios
- Profitability Ratios
- Capital Structure
- Solvency Ratios
Customer Reviews:
Do Not Recommend.......2002-03-13
This book is not for the easy minded. It's definitions and explanation are often difficult to follow and needlessly technical. I skimmed most of it rather than reading it end to end. In fact I'm buying another book on financial statement analysis.
I wouldn't recommend this book to anyone.
Written by a professor, for other professors.......2001-05-04
This book was a huge disappointment. It is overly technical, dense, and difficult to read. The author uses technical language to such an extent that his information is circular. Technical language to explain technical concepts leaves the reader who is not already an accountant in the dark. Here is an example. "Assets are probably future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. Future economic benefits refers to the capacity of an asset to benefit the enterprise by being exchanged for something else of value to the enterprise, by being used to produce something of value to the enterprise, or by being used to settle its liabilities." (p. 24) If you think this kind of explanation is helpful, you might like this book. I have been in business for 25 years, and to me it is turgid and impossible.
Not really designed for the investor.......1999-10-16
The title of this book is mis-leading and the author missed a golden opportunity to write a book that truly is a self-study guide to interpreting and analyzing financial statements. This book appears to be written by an accountant for accountants - it goes into excessive detail without ever addressing the needs that an investor has. I was looking for a relatively simple, straightforward book that addresses stock selection on the basis of information gleaned from financial statements. This book claims on its back cover to "show stock market investors how to profit from the knowledge of professionals,... " It doesn't do that. It goes into endless, minute detail about statements but never relates it to stock selection. I feel ripped-off.
Average customer rating:
|
Analyzing Financial Statements
George E. Ruth
Manufacturer: American Bankers Association
ProductGroup: Book
Binding: Paperback
General
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ASIN: 0899824951 |
Book Description
Designed for use with Harrison and Horngrens' Financial Accounting, 4th Edition or
any financial principles accounting volume, this
activity workbook helps readers analyze real company financial statement information and helps prepare readers for a capstone project creating a comprehensive financial statement analysis. Each activity concentrates on only one aspect of the analysis and uses data from well-known corporations to pique readers' interest and add relevancy. The workbook provides an introduction to interpretation and analysis, plus guidelines for analyzing the balance sheet, analyzing the income statement, analyzing the statement of cash flows, further ratio analysis, interpreting and understanding specific accounts, comprehensive review, corporate analysis.
Customer Reviews:
An excellent book for students.......2001-06-04
This is actualy an excellent tool for anyone studying finance. It should accompany a "financial accounting" text book, since the whole book is full of problems and exersizes. The author did a great job for the students and it is very easy to read it. I recommend it to any prospective financial manager...
Average customer rating:
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Analyzing Financial Statements in a Week (In a Week)
Roger Mason
Manufacturer: Hodder & Stoughton
ProductGroup: Book
Binding: Paperback
Corporate Finance
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ASIN: 0340856122 |
Book Description
This book will be of interest to non-accountant managers of all levels who need to be competent in analysing basic statements. It takes the reader logically through different types of statements, pointing out both advantages and potential pitfalls throughout. A chapter of practical exercises will also be included.
Product Description
Financial Statements: Analyzing Cash Flows offers the student an overview of accounting methods, the statement of cash flows, stock, and financial ratios. The program details how accounting methods affect financial statements, who looks at your financial statements and for what reasons, and how financing instruments affect financial statements. It also covers the methods used for and activities reported in the statement of cash flows and types and characteristics of stock. In addition, it outlines the purposes and types of profitability, liquidity, and solvency ratios.
Books:
- Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)
- Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)
- Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)
- Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
- Deal Terms - The Finer Points of Venture Capital Deal Structures, Valuations, Term Sheets, Stock Options and Getting VC Deals Done (Inside the Minds)
- Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options (The Wiley Finance Series)
- Designing Organizations: An Executive Guide to Strategy, Structure, and Process Revised
- Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance)
- Econometric Analysis of Cross Section and Panel Data
- Economics of Money, Banking, and Financial Markets, Update (7th Edition) (Addison-Wesley Series in Economics)
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