Business Analysis and Valuation: Using Financial Statements, Text and Cases
Average customer rating: 4 out of 5 stars
  • Case study is worth reading...
  • good case study
  • Useful if cumbersome
  • Required Text
  • Excellent Capstone Book
Business Analysis and Valuation: Using Financial Statements, Text and Cases
Krishna G. Palepu , Paul M. Healy , and Victor L Bernard
Manufacturer: South-Western College Pub
ProductGroup: Book
Binding: Hardcover

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ASIN: 0324118945

Book Description

Financial statements are the basis for a wide range of business analysis. Managers, securities analysts, bankers and consultants all use them to make business decisions. There is strong demand among business students for course materials that provide a framework for using financial statement data in a variety of business analysis and valuation contexts.

Customer Reviews:

4 out of 5 stars Case study is worth reading..........2007-04-21

First part of this book is about reading financial statements. If you already know the statements, you don't need to read the first part. However, even if you can read the statements, the second part, case study, will be helpful to your real analysis.

3 out of 5 stars good case study.......2006-04-30

I found the chapters are not very in detail. I was using it as the textbook and the lecture notes are way better. I read the book at the begginning but stopped in the middle as it doesn't really help. However, the end of chapter case studies are pretty good.

4 out of 5 stars Useful if cumbersome.......2002-12-16

This review applies to the edition WITH CASES. This isn't recommended for anyone who is just starting out with choosing investments. Beginners might be better off with a more general overview of financial statement analysis (FSA) like Higgins' "Analysis of Financial Statements" or Fraser and Omriston's "Understanding Financial Statements".

This was one of two textbooks used in a financial statement analysis course I took for my MBA. Most chapters are down-to-earth and as a whole the book is well-written.

The other text we used was Penman's "Financial Statement Analysis and Security Valuation" which was also a great resource as far as gaining a basic understanding of the mechanics of financial statements and how to build a valuation model.

I contrast the two books because while Penman provides a run-down of several different models analysts can use (and does a good job of arguing for the Residual Income Model of valuation model as being the best), Palepu delves into the implications of companies' choices of accounting methods and provides more insight into what different kinds of businesses should look like in terms of their financial statements.

The cases at the end of each chapter add a lot of value to the text because they get students to focus on the specific issues detailed in each chapter. By picking apart different companies' financial statements we learned to use financial statements to assess the success or failure of companies' efforts to carry out their business strategies.

I rate it "Good - 4 stars"

2 out of 5 stars Required Text.......2002-09-17

This is a required text at my school, but after having read the first 5 chapters there is almost nothing of value that I have read. I have spoken to several people that have used this text for the class in prior semesters and they told me that they had stopped reading it after the first several chapters also.

5 out of 5 stars Excellent Capstone Book.......2000-10-12

This book is an excellent description of all the elements that would go into reviewing a potential investment opportunity. It is not a detailed book in one category, such as financial accounting, but it ties business strategy analysis, financial analysis, forecasting analysis, and valuation analysis together. Most other books focus on one area and don't tie all of these together well. This one takes you down the path to evaluating the opportunity to its fullest. It is an excellent capstone book after you have sifted through the details of strategy, finance, and accounting.
Cost Management: Measuring, Monitoring, and Motivating Performance (Management Accounting)
Average customer rating: Not rated
    Cost Management: Measuring, Monitoring, and Motivating Performance (Management Accounting)
    Leslie G. Eldenburg , and Susan K. Wolcott
    Manufacturer: Wiley
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0471205494

    Book Description

    Cost Management" was written in response to changes in the global business environment. Unbridled access to information and intense competition has meant that cost accounting has become an increasingly important tool for managers and accountants alike. Most textbooks focus on content knowledge and then expect students to 'magically' demonstrate skills such as decision-making and critical thinking. "Cost Management" better prepares students for professional success by bridging the gaps between Knowledge, Skills and Abilities. Many students fail to recognize the assumptions, limitations, behavioral implications and qualitative factors that influence managerial decision-making. The dynamic, new author team focuses on cost accounting methods, techniques and the quality of cost accounting information used for decision-making to deliver a thoroughly modern treatment of cost accounting topics.
    Financial Management: Principles and Applications (10th Edition)
    Average customer rating: 4.5 out of 5 stars
    • Great textbook
    • Great Book for a hard course
    • Financial Management : Principles and Applications (10th Edition)
    • EXCELENT BOOK
    Financial Management: Principles and Applications (10th Edition)
    Arthur J. Keown , John D. Martin , John W. Petty , and David F. Scott
    Manufacturer: Prentice Hall
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0131450654

    Book Description

    With its exciting introduction of the Harley-Davidson focus company theme, this book continues to provide a solid, enduring foundation of the tools of modern theory while at the same time developing the logic behind their use. The “10 Principles of Finance” (formerly “Axioms” ) provide the framework, or “the big picture” of finance, which ties the major concepts of the book together. A six-part organization covers the scope and environment of financial management, valuation of financial assets, investment in long-term assets, capital structure and dividend policy, working-capital management, and special topics in finance, and special topics in finance. For an enduring understanding of the basic tools and fundamental principles upon which finance is based.

    Customer Reviews:

    5 out of 5 stars Great textbook.......2006-10-04

    I'm usually very critical of textbooks, but this one reads extremely well. It is clearly organized and progresses in a logical manner. The subject material is inherently difficult, but the authors do an excellent job explaining both the common-sense and mathematical basis for each topic. I have no formal background in finance or accounting but I'm doing well in a 300-level course with just this book to thank. Anyone who wants to educate themselves about stock/bond values, interpreting balance sheets, etc, would benefit greatly from this book.

    4 out of 5 stars Great Book for a hard course.......2006-03-27

    The class is hard no matter what school you attend. The book is easy reading and has many great exercise for you to practice to help you understand the text. The exercises had help me tremendously.

    4 out of 5 stars Financial Management : Principles and Applications (10th Edition) .......2005-10-10

    The Book was not plastic covered and plus there was no cd included in the book

    5 out of 5 stars EXCELENT BOOK.......2005-09-11

    This is a very good and updated book. It brings excelent cases and is well designed and easy to read.
    Valuing A Business, 4th Edition
    Average customer rating: 3.5 out of 5 stars
    • A bit hard to understand
    • This is a Terrific Resource for Practitioners Not Investors
    • Super
    • An Excellent Private Equity Valuation Primer
    • Good technique, directed at the professional practitioner
    Valuing A Business, 4th Edition
    Shannon P. Pratt , Robert F. Reilly , and Robert P. Schweihs
    Manufacturer: McGraw-Hill
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0071356150

    Book Description

    First published in 1981, Valuing a Business is today the world's most widely followed valuation reference. As more professional associations than ever offer valuation education and credentials, this Fourth Eidtion - with 10 new chapters that significantly expand the book's scope - promises to appeal to an even broader market. This easy-to-use reference features increased emphasis on vlauation court cases and decisions; new information on arbitration and mediation; updated data on stock option valuation; and much more.

    Download Description

    This easy-to-use reference features increased emphasis on valuation court cases and decisions; new information on arbitration and mediation; updated data on stock option valuation; and much more.

    Customer Reviews:

    2 out of 5 stars A bit hard to understand.......2004-12-02

    I had an older edition of this book, which wasn't very helpful, so I bought the new one hoping it was an improvement, but came away rather disappointed because, for an instructional manual, this one is hard to follow. Apparently, the authors have been in the valuation business for a long time, but it's not always easy to translate experience effectively into words. For most, this is a how-to project with potentially big consequences, so the instructions should be more clear than this. I liked "Unlocking the Value of Your Business" as an alternative. Once I read that book, I understood better what these guys were talking about.

    5 out of 5 stars This is a Terrific Resource for Practitioners Not Investors.......2004-09-16

    I am a lawyer who has tried valuation cases and this book is a terrific resource for valuation experts and attorneys. I used it to defend and to attack witnesses. It is respected. It is used at the Federal Judicial Center as training for judges on these issues. It is not at all appropriate for people who are trying to value companies for investment purposes.

    4 out of 5 stars Super.......2003-01-08

    This book, guide, reference, ... or what ever you name it. is essential for all business, financial and investment guides.

    5 out of 5 stars An Excellent Private Equity Valuation Primer.......2002-04-08

    I have found Mr. Pratt's book to be an outstanding and practical general reference guide to valuing privately-held businesses. Due to the book's breadth of material and balanced focus on both the science and art of valuation, I have found "Valuing A Business" to be an excellent professional reference for anyone entering the field of business valuation. I highly recommend it.

    In addition to the common "science side" valuation techniques, issues, and approaches that are found in many valuation textbooks, Pratt provides unique, valuable insight into the "art side" of valuation. The book also includes real life project execution considerations for litigation support, expert witness testimony, and taxation. "Valuing A Business" offers solid information to assist a practitioner in building a quality framework for conducting a comprehensive private company valuation.

    4 out of 5 stars Good technique, directed at the professional practitioner.......2001-10-18

    I take issue with the reviewer who suggested that Tom Copeland/McKinsey's book "Valuation" is better than this one or is more directed at valuaing big businesses. ... On the other hand, it should be said that valuation techniques do not differ between big companies and small companies (especially if big/small companies are publically traded). Valuation techniques vary depending on (a) what sort of asset is being valued (public equity, vs. private equity, vs. business assets as a whole, etc) and (b) why valuation is being done (for M&A, litigation between business partners, divorce, ESOPs, for equity investment/divestment). If an investor is valuing a $50 Billion public company and a $50 million public company, the technique used for both is (probably) the same.

    If anything, this book does an excellent job in reminding us of the diversity of valuation techniques in use, and the diversity of reasons for doing valuations. Given the frequency with which privately held companies are bought, one would think that knowing how to value companies whose stock is not publically traded is useful for general businesspeople, not just accountants and attorneys. But if you absolutely insist that you just want to know how to value publically traded companies and don't give a hoot for calculating "private equity discounts" or "minority shareholder discounts", then I would recommend Aswath Damodaran's books "Damodaran on Valuation", "The Dark Side of Valuation" or "Investment Valuation". Damodaran, professor of Finance at NYU, actually uses the same techniques taught here, but applied to public equity investing and with different names (for example, what is called the "Market approach" here is just what Damodaran calls "relative valuation" in a different context).
    Reading Financial Reports For Dummies
    Average customer rating: 5 out of 5 stars
    • Even Better Than I Had Hoped...
    • Learn to examine financial statements more effectively and efficiently.
    • Excellent value ... just buy it!
    • opening the pandora s box
    • Reading Financial Reports for Dummies
    Reading Financial Reports For Dummies
    Lita, MBA Epstein
    Manufacturer: For Dummies
    ProductGroup: Book
    Binding: Paperback

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    ASIN: 0764577336

    Book Description

    The U.S. government began standardizing and regulating financial reporting in 1929 when the stock market crash made it painfully clear that businesses often made absurd claims and that investors were either gullible, unable to verify information, or both. Now, financial reports are used by a company’s management to measure profitability (or lack of it), optimize operations and guide the company, by banks and other lenders to gauge the company’s financial health, and by institutional or individual investors interested in purchasing stock.

    Unless you’re financially savvy, annual reports with all those figures, frustrating footnotes, and fine print are boring and intimidating. However, once you have a fundamental knowledge of finance and its basic terminology, you can find the juicy parts. Reading Financial Reports For Dummies by Lita Epstein, a teacher of online financial courses and author of Trading for Dummies, gets you up to speed so you can:

    It pays for investors to be somewhat skeptical instead of gullible. Pressured to please Wall Street, companies are sometimes tempted to use “creative” accounting. You’ll discover how to:

    Organized so you can start where you’re comfortable and proceed at your own pace, Reading Financial Reports for Dummies helps managers prepare annual reports and use financial reporting to budget more efficiently and helps investors base their decisions on knowledge instead of hype. Whether you’re in business or in the stock market, knowledge is always an asset.

    Customer Reviews:

    5 out of 5 stars Even Better Than I Had Hoped..........2007-07-14

    I've never taken the time to leave feedback about any books I buy, but this book I really got a lot out of, and highly recommend.

    Although the description of the book seems to mostly focus on reading financial reports in order to evaluate companies you might want to invest in by buying stock, I bought the book because I wanted to be much more comfortable with reading - moreover analyzing and understanding - financial statements for business management purposes.

    Boy, I was NOT disappointed! By reading the book and constantly referring to the financial statements of 2 companies (Mattel and Hasbro), and interpreting, analyzing and comparing the numbers, I have really learned quite a lot about how to manage by the numbers. Now, when I look at financial statements, I know what every line means, I know what I'm looking for, how to interpret the numbers and changes in the numbers and/or ratios over time - I'm truly just as pleased as punch! This book is worth every penny you pay for it.

    And, because the author also tosses in a lot of revealing and useful information about analyzing financial statements to evaluate a company and the worth of its stock, I received quite an education there as well. Very eye opening.

    Whether you're a business owner, manager, accountant or stock investor, if you're even considering getting this book to enhance your knowledge, get it. It's a very, very good book. I kept a highlighter and some post it notes at my side, you may want to do the same. In any event, after reading this book (which, by the way is NOT a 'dry' read) you will have deep knowledge of financial statements - balance sheet, profit and loss (income statement) and cash flow statement.

    I highly recommend this book.

    5 out of 5 stars Learn to examine financial statements more effectively and efficiently........2007-05-28

    I am a lawyer in technology, entertainment and corporate law. I bought this book for one of my children who is an undergraduate business major. After buying the book, I ended up reading the book myself. It helps the reader to review financial statements much more effectively and efficiently. It's the best book I've seen on the topic. I highly recommend this book to anyone who wants to better understand what to look for and beware of in financial reports.

    5 out of 5 stars Excellent value ... just buy it!.......2007-03-25

    I recently had to take a week long seminar about financial statements and didn't want to go in cold turkey and possibly embarass myself ... so I bought three books thru Amazon to help me learn about financial statements, this one being the most comprehensive.

    I'll make this short and sweet ... this was an excellent book by any standard ... the other two books were brief and excellent overviews, but I'd have to judge Lita's (author) book as superb.

    It was as if I learned detail from a text book (factual substance), but then had her sitting beside me saying ... ok, you know such and such, now this is how it really works, or this is how you apply it, or this is what it means, or this is what you need to do next, or these are the tricks of the trade only insiders know, etc. Plus her 10 real world discussions of what went wrong with certain corporations ... Enron, WorldCom/MCI, Tyco, etc., are very interesting reads.

    For instance, she tells you how to go about listening to a call between analysts and corporate executives, which honestly I did not know you could do. It's this added perspective of an experienced insider's knowledge of the business that puts her above the rest ... and this being a 362 page book, which I read cover to cover, there are plenty of these types of examples.

    For anyone who is not well versed in this subject matter, but WANTS to learn about it, quit pondering the purchase and just buy the book. It is money well spent ... I guarantee it.

    Oh, and by the way, Lita dedicates the book to her father, who was an auditor and savings and loan examiner ... so you know she was taught plenty by ole Dad ... this stuff was in her blood from the get go, and she communicates her extensive knowledge very well.

    I sincerely congratulate her on such a fine work. I enjoyed it immensely! Thank you Lita ... Jim

    5 out of 5 stars opening the pandora s box.......2007-02-09

    reading financial report for me before is just like reading numbers but reading this book is it s not just only reading but also analyzing and decoding the numbers found in the financial reports..The authors use laymans term in order that the reader can understand the different accounting jargons.it is just __knowing yourself and knowing your investments... this book is a must for a serious investor and this book is intended for a defenceless investor who have no knowledge in checking the financial health of the company.

    5 out of 5 stars Reading Financial Reports for Dummies.......2007-01-10

    If you know nothing about Financial Reports, this is the book for you. Everything is written in terms that you can understand without being a Chief Financial Officer.

    I would highly recommend this book for anyone, whether it be career-related or for personal financial review of annual reports, insurance, etc.
    Time-Driven Activity-Based Costing: A Simpler and More Powerful Path to Higher Profits
    Average customer rating: 4.5 out of 5 stars
    • Great Service
    • Time-Driven Activity-Based Costing
    • TDABC - a very interesting book
    Time-Driven Activity-Based Costing: A Simpler and More Powerful Path to Higher Profits
    Robert S. Kaplan , and Steven R. Anderson
    Manufacturer: Harvard Business School Press
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    ASIN: 1422101711

    Book Description

    In the classroom, activity-based costing (ABC) looks like a great way to manage a company's limited resources. But executives who have tried to implement ABC in their organizations on any significant scale have often abandoned the attempt in the face of rising costs and employee irritation. Time-Driven Activity-Based Costing is the solution to the problems associated with large-scale ABC implementation. In this book, Kaplan and Anderson offer a revised model where managers can estimate the resource demands imposed by each transaction, product, or customer, rather than rely on time-consuming and costly employee surveys.

    In their new model, Kaplan and Anderson focus on the two parameters managers need to estimate: how much it costs per time unit to supply resources to the business activities (the total overhead expenditure of a department divided by the total number of minutes of employee time available) and how much time it takes to carry out one unit of each kind of activity (as estimated or observed by the manager). Rather than endlessly updating and maintaining ABC data, this book with allow managers to spend their time addressing the deficiencies the model reveals: inefficient processes, unprofitable products and customers, and excess capacity.

    Kaplan and Anderson lead the discussion of Time-Driven ABC in the first seven chapters, followed by individual cases studies of actual implementations by Acorn consultants in diverse settings.

    Customer Reviews:

    5 out of 5 stars Great Service.......2007-05-29

    Product purchase acknowldgement was near immediate, billing timely, receipt of product within three days and the exact product ordered received. Excellent.

    5 out of 5 stars Time-Driven Activity-Based Costing.......2007-05-13

    I finished reading this book by Bob Kaplan - TIME-DRIVEN ACTIVITY-BASED COSTING last week.

    Its a great book for folks familiar with the basic concepts and applications of Activity-based Costing/ABC. In a way Kaplan makes an apology to readers of his earlier books and ardent fans of ABC, for making their lives difficult with the practical implementation approaches for ABC, and offers to make up for it by proposing a change to the new approach called Time-driven Activity-based Costing or TDABC. Personally I would have preferred the term "Capacity-driven Activity-based Costing".

    Ofcourse one cannot help but be sympathetic to Bob Kaplan. Having interacted with him in the past, I had an opportunity to see at close range the genius of this man and the range of his knowledge. The book is certainly a big leap in our knowledge-base and tools for managing for managing companies better.

    Kaplan aso originated another methodology "THE BALANCED SCORECARD" (BSC), several books on the subject, and co-founded another firm to offer servies around it. He is however, no longer associated with the firm in any management capacity, and the firm is financially troubled.

    I recommend Kaplan's BSC books wholeheartedly, but if you are looking to implement at your organizations, I would recommend inviting select independent consultants who have more experienced at this, than the one's available at this firm.

    Professionals with a serious interest in TDABC could also do well to reach out directly to Bob Kaplan and his new firm (The Acorn Group), and his former students for consulting advise.

    4 out of 5 stars TDABC - a very interesting book.......2007-05-12

    This book has given me a great insight in an easier way to allocate resources down to costumers and products using Time-driven cost driver rates.

    However, I am a bit sceptical about the Capacity Cost rate, which seems to be the key element to this models success... especially the way the authors describes the way to calculate this rate.. But with some methodical procedure behing when implementing the model, it is possible to get good results.... that's my experience

    All in all, it is a great book about the fundamentals when wanting to use TDABC in your business.
    Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean
    Average customer rating: 4.5 out of 5 stars
    • Excellent book ... for beginners only
    • Clear, interesting, fun
    • A good beginning...
    • Fun with managerial accounting
    • Very valuable!
    Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean
    Karen Berman , Joe Knight , and John Case
    Manufacturer: Harvard Business School Press
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    ASIN: 1591397642

    Book Description

    Companies expect managers to use financial data to allocate resources and run their departments. But many managers can’t read a balance sheet, wouldn’t recognize a liquidity ratio, and don’t know how to calculate return on investment. Worse, they don’t have any idea where the numbers come from or how reliable they really are.

    In Financial Intelligence, Karen Berman and Joe Knight teach the basics of finance—but with a twist. Financial reporting, they argue, is as much art as science. Since nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls. Savvy managers need to know how those sources of possible bias can affect the financials—and they need to know that sometimes the numbers can be challenged.

    While providing the foundation for a deep understanding of the financial side of business, the book also arms managers with practical strategies for improving their companies’ performance—strategies such as “managing the balance sheet” that are well understood by financial professionals but rarely shared with their nonfinancial colleagues.

    Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence will help nonfinancial managers be smarter and more confident in their everyday work.

    Customer Reviews:

    3 out of 5 stars Excellent book ... for beginners only.......2007-06-10

    If you have some understanding of finance - even basic - don't expect to learn anything out of this book. I was expecting much more than that given the target audience - "managers" - and the publisher. I doubt that in today's world, a manager wouldn't have some sort of understanding of finance. Nonetheless, the book is well written, explained and organized. I had my analyst read it as an introduction and he liked it a lot.

    4 out of 5 stars Clear, interesting, fun.......2007-03-30

    I had to buy this book for a fiscal management class. It is probably one of the best management books that I've read. It is really clear. I don't really have a head for finance, but this book makes it simple and entertaining. There are lots of examples from real life. This is a great book if you want to know more about financial vocabulary and basics. Also might be a good brushup, though I was starting from scratch so I wouldn't know.

    4 out of 5 stars A good beginning..........2007-03-10

    This is an overview of what to look for in balance sheet and income statement as a manager. However, better information resides with cost based accounting around activities(ABC/M). This book is an excellent read for simple information. Not bad for the price!

    4 out of 5 stars Fun with managerial accounting.......2007-01-09

    I really enjoyed reading "Financial Intelligence" by Karen Berman and Joe Knight. The authors use a fairly casual tone (often humorous) to combine a semester's worth of managerial accounting with a healthy dose of private sector application. The book is a quick read and should be great as an introduction to managerial accounting or a refresher for anyone responsible for managing a P/L at any level.

    5 out of 5 stars Very valuable!.......2006-11-11

    I highly recommend this book! It's an easy read for non-accountants! This should be in every manager's desk for quick reference. This has helped me a lot in making day-to-day decisions.
    Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports
    Average customer rating: 4.5 out of 5 stars
    • Excellent
    • A Sound Basic Review of Financials
    • Clear, simple and extremly useful
    • Worst book I have bought yet
    • Good for beginners
    Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports
    Thomas R. Ittelson
    Manufacturer: Career Press
    ProductGroup: Book
    Binding: Paperback

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    Similar Items:
    1. How to Use Financial Statements: A Guide to Understanding the Numbers How to Use Financial Statements: A Guide to Understanding the Numbers
    2. The Accounting Game : Basic Accounting Fresh from the Lemonade Stand The Accounting Game : Basic Accounting Fresh from the Lemonade Stand
    3. Reading Financial Reports For Dummies Reading Financial Reports For Dummies
    4. How to Read a Financial Report: Wringing Vital Signs Out of the Numbers (How to Read a Financial Report) How to Read a Financial Report: Wringing Vital Signs Out of the Numbers (How to Read a Financial Report)
    5. Accounting For Dummies Accounting For Dummies

    ASIN: 1564143414

    Book Description

    Finally, a resourceful and unique primer on financial statements that uses a creative and different approach to explain every kind of financial report a small business owner or manager needs to succeed. Through an unique visual approach, this book leads users to a clear understanding of how business scores are kept and how to interpret the results.From balance sheets, cash flow statements and income statements, learn how to understand the basic elements that will pave the way to achieving financial success.

    Customer Reviews:

    5 out of 5 stars Excellent.......2007-09-10

    I'm in an MBA program and have had numerous undergraduate accounting classes. This book is fantastic. It is FAR superior to "How To Read A Financial Report" by John Tracy. "Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports" by Thomas R. Ittelson is clear and concise. It's the best book I've found on the subject. I highly recommend it!

    4 out of 5 stars A Sound Basic Review of Financials.......2007-09-07

    A sound review of what I learned almost 40 years ago and have not used in about 25 years. Brought back what I learned and used years ago.

    5 out of 5 stars Clear, simple and extremly useful.......2007-07-19

    For the person who buys stocks, this book is an absolute must. Ittelson's writing is clear and gets to the point. By the end, you will have a very good understanding of financial statements. I got interested in this book as an investor and I am very pleased with my time investment in reading this book.

    1 out of 5 stars Worst book I have bought yet.......2007-06-11

    I bought 3 books, the one I am reviewing, "Reading Financial Reports For Dummies", and "Guide to Understanding Financial Statements". This book gives no information for beginners who are trying to learn how to understand financial statements. I read all 3 books twice, and I didn't get anything...and I mean nothing from this book. The other two were very well written. Reading Financial Reports For Dummies and The Guide to Understanding Financial Statements. I suggest not wasting your money on this book. It is basically a lot of numbers with very little explanation. It is also confusing because the definitions are different and there is no explanation why they defintions change when reading a financial report.

    5 out of 5 stars Good for beginners.......2007-06-07

    This book would be an excellent supplement to a beginning accounting class. The author explains the material so that it is very easy to understand.

    But if you've taken intermediate or advanced accounting classes, don't waste your money. There isn't anything new in this small book. It doesn't cover all areas of accounting and the areas that are covered are not in-depth. Example: There is a brief mention of straight-line deprection but nothing about salvage value and no mention about the other depreciation methods.
    International Financial Management (McGraw-Hill/Irwin Series in Finance, Insurance, and Real Est)
    Average customer rating: 3.5 out of 5 stars
    • Useless!!!
    • The most disgusting textbook I ever read!
    • Finance in Practice
    • Boring
    • Step-by-step guide from the master
    International Financial Management (McGraw-Hill/Irwin Series in Finance, Insurance, and Real Est)
    Cheol Eun , and Bruce G. Resnick
    Manufacturer: McGraw-Hill/Irwin
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0072996862

    Book Description

    International Financial Management combines the fundamental concepts of international finance with solid practical applications. This combination has made it the book of choice at a variety of institutions, including top business schools such as Wharton, Stanford, Northwestern, and INSEAD. Neither superficial nor overly theoretical, Eun and Resnick's approach offers a conceptually solid, yet still relevant, treatment of international financial topics that puts students on the right track to becoming effective global financial managers.

    Customer Reviews:

    1 out of 5 stars Useless!!!.......2007-04-11

    First and foremost, all the previous 7 reviews are not for this "Cram 101 Textbook Outlines". It's a shame that Amazon used the reviews for textbook itself without verifying the contents of the totally different "Cram 101 Textbook Outlines".

    So disregard the previous 7 reviews and let's talk about this "Cram 101 Textbook Outlines".

    This is supposed to be a companion book for a textbook published by McGraw-Hills Irvin, "International Financial Management" 3rd edition by Eun and Resnick.

    However, this "Cram 101 Textbook Outlines" is useless!!! This is nothing but a bunch of glossary. And a half of the book is blank for writing notes. What a rip-off!!!
    There's no outlines at all. No chapter summaries, no explanation of concepts. Totally useless.

    I have used "Collins College Outlines" series (I rate them 3 stars) and "Barron's Business Reviews" series (I rate them 5 stars).

    Never buy any of "Cram 101 Textbook Outlines" series.

    Extra notes: textbook "International Financial Management" is now 4th edition. Another reason why this "Cram 101 Textbook Outlines" is useless.

    Technical notes: "Cram 101 Textbook Outlines" is POD (Print on demand). No wonder quality of printing is inferior (Looks like a Xerox copy). And priced too high for this quality. For those who are not familiar with publishing industry--POD is used for ultra small quantity less than 100 copies. This is a telltale sign that book is not expected to sell minimum quantity (usually 3,000 copies) that commercial publisher is willing to commit to publish. Simply put, POD means inferior and overpriced books. A work of amateur.

    1 out of 5 stars The most disgusting textbook I ever read!.......2006-12-12

    This is the most disgusting book I have ever read.
    This not actually a textbook, but a bunch of statistical data. Authors even do not try to teach you, what they try is to make you familiar with techniques and tools used in the world. Yes, they do provide you with some simple examples, but do not teach you how to apply. They try to be concise, instead of being concise, they just ommit a lot of information and provide book references for you to search on your own.

    If you want to get familiar with the most modern financial tools, you can buy it, but if your goal is to learn, get a profound understanding of concepts, train yourself, then look for another option.

    The authors, from my point of view, just scholars, who do know a lot, but unfortunately, cannot teach and explain.

    The book lacks exercises. There are some, but do not pretend to master swaps or hedging doing them. Book is just a statistical summary on current situation in financial markets, some theories, which of little value for a real job and that is all.

    Do not pay for it, unless you are Warren Buffet. :))

    4 out of 5 stars Finance in Practice.......2006-11-10

    The approach this book has on the International Finance topic is good. Some chapters have more theory than others which might be confusing for someone without a business background. However, the examples provided are excellent.

    1 out of 5 stars Boring.......2006-02-23

    Wow...This book was boring and confusing. I got it for my international finance class and it is just really hard to follow. It was a waste of money.

    5 out of 5 stars Step-by-step guide from the master.......2002-03-10

    This book set me up very nicely for a career in forex markets. Possibly the gentlest introduction to international finance, the book does not waste any time with implementation of the ideas, instead provides you with the requisite knowledge, and illustrative examples. I had the fortune of being taught the subject by the author (Dr. Eun), and so the book was fully utilized. However, other teachers would also find the book an ideal companion to course notes. In fact, the book is so well written, it seems like a tutorial. You cannot go wrong if you are using it for international finance courses. The book will also help you with preparation for the CFA charter examinations.
    Financial Modeling - 2nd Edition: Includes CD
    Average customer rating: 4.5 out of 5 stars
    • Excelent book
    • I thought I did a review for this book immediately when I received it! It was really good! It's like the best textbook!
    • Strongly recommended to practitioner
    • Good Cookbook
    • Excellent book
    Financial Modeling - 2nd Edition: Includes CD
    Simon Benninga
    Manufacturer: The MIT Press
    ProductGroup: Book
    Binding: Hardcover

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    2. Advanced modelling in finance using Excel and VBA Advanced modelling in finance using Excel and VBA
    3. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Second Edition
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    ASIN: 0262024829

    Book Description

    Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. Financial Modeling bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial models with spreadsheets. Simon Benninga takes the reader step by step through each model, showing how it can be solved using Microsoft Excel®. In this sense, this is a finance "cookbook," providing recipes with lists of ingredients and instructions.

    Areas covered include computation of corporate finance problems, standard portfolio problems, option pricing and applications, and duration and immunization. The second edition contains six new chapters covering financial calculations, cost of capital, value at risk (VaR), real options, early exercise boundaries, and term structure modeling. A new technical chapter contains a potpourri of tips for using Excel®.

    Although the reader should know enough about Excel™ to set up a simple spreadsheet, the author explains advanced Excel® techniques used in the book. The book includes chapters dealing with random number generation, data tables, matrix manipulation, and VBA programming. It also comes with a CD-ROM containing Excel® worksheets and solutions to end-of-chapter exercises.

    Customer Reviews:

    5 out of 5 stars Excelent book.......2007-09-24

    Is an excelent book to learn and undertand how to creat financial models in excel.

    I strongly recomend it.

    Romer iragorri

    5 out of 5 stars I thought I did a review for this book immediately when I received it! It was really good! It's like the best textbook!.......2007-09-16

    Beninnga states things very clearly.
    And the sophistication is great.
    No matter what level you are in, it's good for you.
    And these knowledge are really useful in real world!
    I mean,I'm really gonna keep this book for myself after I finish the degree.

    5 out of 5 stars Strongly recommended to practitioner.......2007-09-03

    The book has great practical value. It also applies to those who wish to implement financial models in other computing environment than Excel.

    4 out of 5 stars Good Cookbook.......2007-08-23

    Very good on giving an introduction on many modeling techniques.
    Exceptionally recommended for the new babe.

    5 out of 5 stars Excellent book.......2007-07-19

    All students of finance must have one, It's great, If I'd have had it when I was student oh, I'd save a lot of time, now I'm teacher of finance and I recomend all my students to buy it.

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    4. Corporate Finance: A Valuation Approach
    5. Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)
    6. Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)
    7. Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)
    8. Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)
    9. Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)
    10. Cost Accounting (12th Edition) (Charles T Horngren Series in Accounting)

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