Fundamentals of Risk and Insurance
Average customer rating: 4.5 out of 5 stars
  • Very Good
  • How Do I Write a Review about an Insurance Book?
Fundamentals of Risk and Insurance
Emmett J. Vaughan , and Therese M. Vaughan
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
GeneralGeneral | Business & Investing | Subjects | Books
GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
GeneralGeneral | Insurance | Industries & Professions | Business & Investing | Subjects | Books
Risk ManagementRisk Management | Insurance | Industries & Professions | Business & Investing | Subjects | Books
Risk AssessmentRisk Assessment | Management & Leadership | Business & Investing | Subjects | Books
Social Services & WelfareSocial Services & Welfare | Poverty | Current Events | Nonfiction | Subjects | Books
GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
NonfictionNonfiction | Qualifying Textbooks - Fall 2007 | Stores | Books
ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:
  1. Tools & Techniques of Financial Planning (Tools and Techniques of Financial Planning) (Tools and Techniques of Financial Planning) Tools & Techniques of Financial Planning (Tools and Techniques of Financial Planning) (Tools and Techniques of Financial Planning)
  2. Investments: An Introduction (with Thomson ONE - Business School Edition and Stock-Trak Coupon) Investments: An Introduction (with Thomson ONE - Business School Edition and Stock-Trak Coupon)
  3. Tools & Techniques of Employee Benefit And Retirement Planning: Tools & Techniques Of Employee (Tools and Techniques of Employee Benefit and Retirement ... of Employee Benefit and Retirement Planning) Tools & Techniques of Employee Benefit And Retirement Planning: Tools & Techniques Of Employee (Tools and Techniques of Employee Benefit and Retirement ... of Employee Benefit and Retirement Planning)
  4. Time & Money, 8th Edition Time & Money, 8th Edition
  5. Prentice Hall's Federal Taxation 2007: Individuals (20th Edition) (Prentice Hall's Federal Taxation Individuals) Prentice Hall's Federal Taxation 2007: Individuals (20th Edition) (Prentice Hall's Federal Taxation Individuals)

ASIN: 0471216879

Book Description

This consumer-oriented textbook addresses the principles of risk management without skimping on the discussion of insurance. It summarizes the nature of pure risk on the individual and on society and illustrates how insurance can be used to deal with the problems posed by such risk. Mirroring the diverse experience of its authors, the text is equally effective in presenting the principles of insurance theory and offering how-to advice to students. Throughout, the main emphasis is on the insurance product and the use of insurance within the risk management framework. The traditional fields of life insurance, health insurance, property and liability insurance, and social insurance are treated in terms of their relationship to the wide range of insurable risks to which the individual and the business firm are exposed.

Customer Reviews:

5 out of 5 stars Very Good.......2007-01-18

I thought it would be a sleeper,but quite the contrary..I wish I would have read this book 20 years ago.

4 out of 5 stars How Do I Write a Review about an Insurance Book?.......2003-03-04

Well, I guess I can try to review this book from the only perspective I read it from: that of a student. I had to read it for my CFP class on Insurance, and, as an introduction to most forms of insurance, it explains the forms in a very methodical and systematic way; it was very easy to follow and tough to get completely lost.

Honestly, I was never really fascinated with insurance. My life-licensing class was 24 hours of classroom time spread out over one weekend, so maybe that has created some insurance-related intellectual scars. The sections on Life Insurance and the basic components of any insurance contract and the whole insurance process were already familiar to me, so I found those sections incredibly uninteresting. The other forms of insurance were much more interesting and gave me a great foundation for other insurance studies I've done since.

The prose of the book, too, flows extremely well. In fact, I usually just lightly read passages explaining computations and formulas because I come back later to review them in-depth; however, while reading this book, I actually felt I fully understood most of the computations even while I read (which almost never happens because most formula-explaining reads much like Kant's "Metaphysics of Morals").

Just one closing point... I guess you'd have to be either Insurance Commissioner or a professor of insurance to be really interested in this material, but the authors write in a way that allows even the average CFP or insurance student to come away from the book with a good sense of how insurance works and where it fits into an individual's financial plan.
Fundamental Accounting Principles w/2003 Krispy Kreme AR, TTCD, NetTutor, OLC w/PW
Average customer rating: 4 out of 5 stars
  • Accounting Book
  • Wow...What'll They Think of Next?
  • Best accounting book ever.
  • Missing part of it
Fundamental Accounting Principles w/2003 Krispy Kreme AR, TTCD, NetTutor, OLC w/PW
Kermit D. Larson , John J Wild , and Barbara Chiappetta
Manufacturer: McGraw-Hill/Irwin
ProductGroup: Book
Binding: Hardcover

GeneralGeneral | Business & Investing | Subjects | Books
GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:
  1. Working Papers Volume 1, chapters 1-12 for use with Fundamental Accounting Principles Working Papers Volume 1, chapters 1-12 for use with Fundamental Accounting Principles
  2. Beginning Algebra Beginning Algebra
  3. Telecourse Guide for Accounting in Action for use with Fundamental Accounting Principles, Volume 1 Chapters 1-12 Telecourse Guide for Accounting in Action for use with Fundamental Accounting Principles, Volume 1 Chapters 1-12
  4. Macroeconomics + DiscoverEcon Online with Paul Solman Videos Macroeconomics + DiscoverEcon Online with Paul Solman Videos
  5. Microeconomics + DiscoverEcon Online with Paul Solman Videos Microeconomics + DiscoverEcon Online with Paul Solman Videos

ASIN: 0072946601

Book Description

Comprehensively revised, Fundamental Accounting Principles uses the 2003 annual report of Krispy Kreme to help make accounting concepts and precepts both interesting and understandable. NetTutor provides you with live, personalized assistance via the Internet, while the accompanying Topic Tackler CD features video clips, slide shows, and more for two key topics within each chapter.

Customer Reviews:

3 out of 5 stars Accounting Book.......2006-02-23

Not all of the information is updated that I thought could have been updated from the last edition.

Easy to follow and gives good examples.

5 out of 5 stars Wow...What'll They Think of Next?.......2005-10-29

This book is great. Use the online resources! My professor is old school and made no mention of those resources. Had I not taken the time to figure them out and make use of them, I may not have passed the class. The narrated PowerPoint's were particularly helpful.

5 out of 5 stars Best accounting book ever........2005-09-15

This book has helped me so much over the past year. Great book.

3 out of 5 stars Missing part of it.......2005-09-08

There was supposed to be a CD, and a work book with this product. I can totally understand why the work book was not there but there is no excuse for the CD.
Fundamentals of Cost Accounting
Average customer rating: Not rated
    Fundamentals of Cost Accounting
    Michael W Maher , William N. Lanen , and Madhav V. Rajan
    Manufacturer: McGraw-Hill/Irwin
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Business & Investing | Subjects | Books
    FinancialFinancial | Accounting | Industries & Professions | Business & Investing | Subjects | Books
    GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
    Shopping & CommerceShopping & Commerce | Reference | Business & Investing | Subjects | Books
    GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
    Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
    All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
    Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
    Similar Items:
    1. Business and Its Environment (5th Edition) Business and Its Environment (5th Edition)
    2. Intermediate Accounting Intermediate Accounting
    3. Managerial Economics & Business Strategy + Data Disk Managerial Economics & Business Strategy + Data Disk
    4. Contemporary Strategy Analysis: Concepts, Techniques, Applications Contemporary Strategy Analysis: Concepts, Techniques, Applications
    5. Managing Information Technology (5th Edition) Managing Information Technology (5th Edition)

    Accessories:
    1. Schaum's Outline of Cost Accounting, 3rd, Including 185 Solved Problems Schaum's Outline of Cost Accounting, 3rd, Including 185 Solved Problems

    ASIN: 0073018376

    Book Description

    A direct, realistic, and efficient way to learn cost accounting. Fundamentals is short (736 pages) making it easy to cover in one semester. The authors have kept the text concise by focusing on the key concepts students need to master. Opening vignettes and In Action boxes show realistic applications of these concepts throughout. The Topic Tackler CD reinforces this realism with video clips of different businesses that use cost accounting. Comprehensive end-of-chapter problems plus Homework Manager provide students with all the practice they need to fully learn each concept.
    Fundamentals of Advanced Accounting
    Average customer rating: 4 out of 5 stars
    • Good for undergraduates
    Fundamentals of Advanced Accounting
    Joe Ben Hoyle , Thomas Schaefer , and Timothy Doupnik
    Manufacturer: McGraw-Hill/Irwin
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Business & Investing | Subjects | Books
    GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
    GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
    Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
    All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
    Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
    ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
    Similar Items:
    1. Auditing and Assurance Services (12th Edition) Auditing and Assurance Services (12th Edition)
    2. West Federal Taxation 2008: Corporations, Partnerships, Estates, and Trusts, Professional Edition (West Federal Taxation Corporations, Partnerships, Estates and Trusts) West Federal Taxation 2008: Corporations, Partnerships, Estates, and Trusts, Professional Edition (West Federal Taxation Corporations, Partnerships, Estates and Trusts)
    3. Auditing: A Business Risk Approach (with CD-ROM) Auditing: A Business Risk Approach (with CD-ROM)
    4. MP Principles of Auditing and Other Assurance Services with Updated Chapters 5, 6 & 7 MP Principles of Auditing and Other Assurance Services with Updated Chapters 5, 6 & 7
    5. Auditing & Assurance Services Auditing & Assurance Services

    ASIN: 0072991925

    Book Description

    Fundamentals of Advanced Accounting, 2/e is ideal for those schools wanting to cover 12 chapters in their advanced accounting course. Typically, this course covers 5-6 consolidations chapters, two foreign currency chapters, two partnership chapters, and 2-3 governmental and not-for-profit chapters. Fundamentals of Advanced Accounting boasts the same great assets that have made the authors' longer Advanced Accounting a success, including the incorporation of the latest FASB pronouncements, the integration of skill preparation for the new CPA exam, and of course, great authorship.

    Customer Reviews:

    4 out of 5 stars Good for undergraduates.......2006-07-01

    The course topics are very useful for undergraduates and a good introduction to Corporate Finance and Accounting.

    However, I would recommend the latter Chapters i.e. 9,10 and 11,12 be placed in other books to allow more emphasis on the earlier chapters. This probably will make the book also good for graduate courses/students especially now with the 150 credit hour accounting programs.

    Other than that, its a well developed book!!!
    Fundamentals of International Business (with World Map and InfoTrac)
    Average customer rating: Not rated
      Fundamentals of International Business (with World Map and InfoTrac)
      Michael R. Czinkota , Illka A. Ronkainen , and Michael H. Moffett
      Manufacturer: South-Western College Pub
      ProductGroup: Book
      Binding: Paperback

      GeneralGeneral | Business & Investing | Subjects | Books
      GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      GeneralGeneral | International | Business & Investing | Subjects | Books
      GeneralGeneral | Education | Nonfiction | Subjects | Books
      Finance & InvestingFinance & Investing | Finance | International | Accounting & Finance | Professional & Technical | Subjects | Books
      GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
      GeneralGeneral | Education | Professional & Technical | Subjects | Books
      Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
      Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
      NonfictionNonfiction | Qualifying Textbooks - Fall 2007 | Stores | Books
      ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
      Similar Items:
      1. Management: The New Competitive Landscape with CD and PowerWeb Management: The New Competitive Landscape with CD and PowerWeb
      2. Sol y viento: En breve Sol y viento: En breve
      3. Intercultural Communication in the Global Workplace Intercultural Communication in the Global Workplace
      4. Total Global Strategy II (2nd Edition) Total Global Strategy II (2nd Edition)
      5. Business Law and the Regulation of Business Business Law and the Regulation of Business

      ASIN: 0324259646

      Book Description

      Fundamentals of International Business is a concise introduction to international business with special emphasis on the environmental and cultural issues facing global organizations. The distinguished author team's academic and practitioner experience both in business and government ensures a balance of research and practical insight. The text includes the latest trade data presented in easy to understand tables and graphs. Contemporary business situations and critical events are featured and discussed in each chapter-with special attention to the impact technology. Throughout the text every effort has been made to present complex ideas in an easy-to-understand language and format. The brief length, balance, and reader-friendly features make this an affordable and manageable choice.
      MP Fundamental Accounting Principles (1-25) and Circuit City Annual Report
      Average customer rating: 4 out of 5 stars
      • MP Fundamental Accounting Principles
      • Financial Accounting Ok
      MP Fundamental Accounting Principles (1-25) and Circuit City Annual Report
      John J Wild , Kermit D. Larson , and Barbara Chiappetta
      Manufacturer: McGraw-Hill/Irwin
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Business & Investing | Subjects | Books
      GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
      Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
      ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
      Similar Items:
      1. Working Papers Volume 1, chapters 1-12 for use with Fundamental Accounting Principles Working Papers Volume 1, chapters 1-12 for use with Fundamental Accounting Principles
      2. Working Papers (print) Vol 2 to accompany FAP Volume 2 (CH 12-25) Working Papers (print) Vol 2 to accompany FAP Volume 2 (CH 12-25)
      3. Contemporary Marketing Contemporary Marketing
      4. Basic Marketing w/Student CD Basic Marketing w/Student CD
      5. Management Management

      ASIN: 0073271101

      Book Description

      With 50 years of success in the principles of accounting market, Fundamental Accounting Principles, 18e by Wild, Larson and Chiappetta has endured and adapted to changes in accounting, technology, and student learning styles. Its innovation is reflected in its extensive use of small business examples, the integration of new computerized learning tools, superior end-of-chapter material, and a highly engaging, pedagogical design. Inclusion of Homework Manager, Homework Mananger Plus and Carol Yacht’s General Ledger and Peachtree application software provides students every advantage as they strive to understand the key concepts of accounting and their role in business.

      Customer Reviews:

      5 out of 5 stars MP Fundamental Accounting Principles.......2007-09-07

      Good textbook. Great coverage and exhibits to assist in learning. Easy to read and follow the step by step process.

      3 out of 5 stars Financial Accounting Ok .......2007-03-02

      This book does an ok job of giving exmaples. However, I found that I did have to refer to websites for additional examples and explanations. The additional websites found on my own were a huge help.
      Fundamental Managerial Accounting Concepts
      Average customer rating: 2.5 out of 5 stars
      • Great for Non-Accountants
      • Boring read for good subject
      • Disappointing
      Fundamental Managerial Accounting Concepts
      Thomas P Edmonds , Cindy Edmonds , Bor-Yi Tsay , and Philip R Olds
      Manufacturer: McGraw-Hill/Irwin
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Business & Investing | Subjects | Books
      ManagementManagement | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
      Similar Items:
      1. Fundamental Financial Accounting Concepts Fundamental Financial Accounting Concepts
      2. Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition) Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition)
      3. Operations Management with Student DVD Operations Management with Student DVD
      4. Management With Rolls Access Code (9th Edition) Management With Rolls Access Code (9th Edition)
      5. West's Business Law tenth edition West's Business Law tenth edition

      Accessories:
      1. Schaum's Financial Accounting 2 Ed. Schaum's Financial Accounting 2 Ed.
      2. Schaum's Guideline of Managerial Accounting Schaum's Guideline of Managerial Accounting

      ASIN: 0072991054

      Book Description

      Fundamental Managerial Accounting Concepts 3e by Edmonds/Edmonds/Tsay focuses on concepts that are isolated and introduced in a logical sequence. The authors intentionally limit the scope of the material to help students build a solid foundation of the most important concepts in managerial accounting. Fundamental Managerial Accounting Concepts 3e is organized in a distinctive way, particularly in the first six chapters. The objective is to establish a coherent, integrative framework that enables students to build knowledge in stepwise fashion. The authors’ goal is for students to understand the underlying principles of accounting, not just memorize content.

      Customer Reviews:

      5 out of 5 stars Great for Non-Accountants.......2006-10-19

      I found the book to be attractively put together and full of examples. They address both manufacturing and non-manufacturing environments - including service industries. Managerial Accounting is a vital tool for businesses as it provides techniques for making better business decisions based on data instead of "hunches". Nonetheless, the material can be difficult to get through. The authors understand this and use real-life examples to help give insight as to the way businesses use these analysis techniques. Because the material can be challenging, I can understand some people finding the material boring. However, given the type of material, I feel the authors have done a commendable job in communicating the material in an appealing way.

      1 out of 5 stars Boring read for good subject.......2002-04-17

      Reading through this book is a BORE! :( Examples are almost non-existant, there's like nothing (like definitions) on the sides of the pages, and no glossary. How poorly written! Please find an alternative to learn this rather interesting subject. Thank you!
      -Upset reader of this school book

      1 out of 5 stars Disappointing.......2001-05-01

      Having previously read "Fundamental Financial Accounting Concepts" by the same people, this book was a disappointment. It came off as incredibly dry, and was not all that clear in its presentation of the concepts. The "Fundamental Financial Accounting" volume is great, but I'd recommend another author for the managerial book.
      Applied Equity Analysis: Stock Valuation Techniques for Wall Street Professionals
      Average customer rating: 3.5 out of 5 stars
      • great book for those in finance
      • for SELL-SIDE analysts only
      • One of the Best
      • Probably the best
      • Very readable, very insightful, and extremely practical
      Applied Equity Analysis: Stock Valuation Techniques for Wall Street Professionals
      James English
      Manufacturer: McGraw-Hill
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
      Corporate FinanceCorporate Finance | Finance | Business & Investing | Subjects | Books
      GeneralGeneral | Business & Investing | Subjects | Books
      GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      GeneralGeneral | Investing | Business & Investing | Subjects | Books
      StocksStocks | Investing | Business & Investing | Subjects | Books
      GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
      GeneralGeneral | Accounting | Business & Finance | New & Used Textbooks | Stores | Books
      GeneralGeneral | Business & Finance | New & Used Textbooks | Stores | Books
      CorporateCorporate | Finance | Business & Finance | New & Used Textbooks | Stores | Books
      InvestingInvesting | Finance | Business & Finance | New & Used Textbooks | Stores | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
      ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
      Similar Items:
      1. 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
      2. Valuation: Measuring and Managing the Value of Companies, Fourth Edition Valuation: Measuring and Managing the Value of Companies, Fourth Edition
      3. Security Analysis on Wall Street: A Comprehensive Guide to Today's Valuation Methods, Univ. Edition Security Analysis on Wall Street: A Comprehensive Guide to Today's Valuation Methods, Univ. Edition
      4. Financial Statement Analysis and Security Valuation Financial Statement Analysis and Security Valuation
      5. Financial Statement Analysis and Security Valuation Financial Statement Analysis and Security Valuation

      ASIN: 0071360514

      Book Description

      Applied Equity Analysis treats stock valuation as a practical, hands-on tool rather than a vague, theoretical exercise—and covers the entire valuation process from financial statement analysis through the final investment recommendation. Its integrated approach to valuation builds viable connections between a firm’s competitive situation and the ultimate behavior of its common stock. Techniques explained include EVA, newer hybrid valuation techniques, and relative multiple analysis.

      Download Description

      Applied Equity Analysis treats stock valuation as a practical, hands-on tool rather than a vague, theoretical exercise--and covers the entire valuation process from financial statement analysis through the final investment recommendation.

      Customer Reviews:

      4 out of 5 stars great book for those in finance.......2006-06-20

      This book is great if you're in the field of finance. This is not for the average consumer looking for investment advice. I've been in corporate financial planning and analyis for the past five years and always wondered how equity analysts built their models. This books will give you insight into their thinking and also give enough detail to build your own models. I would have rated it five stars if the book included a CD with his examples in Excel. The author does have website where you can download sample models.

      2 out of 5 stars for SELL-SIDE analysts only.......2006-01-14

      I bought this book based on the strong reviews as a complement to Damodaran's classic on valuation, but felt disappointed.

      To qualify my comments: First, I am not a sell-side analyst, and secondly, I haven't finished the book. After about 50 pages, I threw in the towel.

      My first stylistic objection to the book is its low content density. There is tremendous repetition and examples are trotted out in excruciating detail, even where the conclusions are fairly obvious. For example, on p. 34: "At competitive equilibrium, the firm can identify no incremental investment opportunities likely to generate returns in excess of capital costs. Competitive equilibrium is often defined as a condition in which investment opportunities generate returns equal to capital costs, but existing investments continue to earn abnormal rates." To me these two sentences are already redundant. But in case you still didn't get it, further DOWN on the SAME PAGE: "...This situation is called economic equilibrium, or economic parity. What does equilibrium mean? When returns are forced down to capital costs, then economic rents and/or abnormal earnings disappear and no further incentive to enter the business exists".

      But the most frequently repeated point of the first two chapters, is best summed up on p. 19: "As I say many times in the coming pages [and he's not kidding, there], equity analysis is not prophecy; it's opinion. It was never meant to be objective description, but it is strong advocacy." If you're the sell-side analyst, having to "dress up a pig" to help your firm gain some banking business, this book might offer some ideas. But where does this leave the consumer of such analysis? "It's the investor's job to 'diversify' by considering a variety of analysts' positions." (p.9)

      I think better advice for the investor might be to learn how to perform sound analysis themselves. For that, I recommend Damodaran's book. I lost my faith in this book's intent to provide balanced (let alone predictive) analysis.

      5 out of 5 stars One of the Best.......2005-11-01

      There are reams and reams of investment valuation books on the market -- that is obvious.

      In my opinion, the three no one should be without are Applied Equity Analysis, Stephen Penman's monster tome "financial statements and...", and lastly, Aswath Damadoran's book, "investment valuation."

      Most hyperventilating MBAs default to Damadoran; I really enjoy the simplicity behind Applied Equity Analysis.

      Caution: Neither of the 3 are what you'd call "light reading."

      If you have any money left, honorable mention goes to Cooke's "security analysis on wall street."

      5 out of 5 stars Probably the best.......2004-07-15

      I've been looking for a practical step by step book on equity analysis from a practitioners viewpoint. This is it. Other books try to take shortcuts. This book does not take short-cuts, but neither is it bogged down with unncessary academic exercises. If you really want to understand how to do valuation and applied equity analysis I can't recommend any book more highly. It is head and shoulders above anything else out there. Penman's book (from Columbia Business School) is also good but it is a VERY serious and weighty book that probably should only be attacked after you have read this one. Get this book by English and you will not be sorry. I have spent way too much time reading hundreds of other books that weren't nearly as educational. Again, however, it is only for the serious investor.

      5 out of 5 stars Very readable, very insightful, and extremely practical.......2001-09-23

      James English's "Applied Equity Analysis" is a how-to manual on evaluating stocks based on his 20 years of experience at JP Morgan. The book is very well-written and readable since the author employs plain english (no pun intended) to make his three major points: 1) accounting numbers--while by no means perfect--are excellent tools in evaluating stocks, 2) accounting-based stock valuation is superior to (but does not neccessarily supplant) cash flows, and 3) competition ensures that eye-popping financial performance doesn't last forever.

      Contrary to another reviewer, English employs excellent examples to clarify and explain his points. Some examples: Gateway 2000's earnings history was used to explain how to find and interpret non-recurring items (NRI) on financial statements. Ratio analysis was demonstrated by looking at the PC industry in 1998. Emerson Electric was the company chosen to show why mature companies were still good buys. Many other examples abound, and English does a successful job in tying their relevance to his arguements.

      But successful use of examples is not just the only strength of the book. The author also tackles a range of topics complete with insightful and clear discussions: the flaws of the Efficient Market Hypothesis (EMH), Economic Value Added (EVA), financial statement analysis, fundamental analysis, etc.

      A quick glance at the table of contents below gives you an idea of the scope of English's book. I highly recommend this book to not just Wall Street analysts, anyone who is interested in finding fundamental value in evaluating stocks instead of following the crowd.

      Pt. 1 Getting Started
      Ch. 1 A Day in the Life
      Ch. 2 Fundamentals of Equity Valuation
      Ch. 3 Strategy and Competition I: The Firm's External Environment
      Ch. 4 Strategy and Competition II: The Firm's Internal Competitive Resources
      Ch. 5 Fundamentals of Stock Behavior
      Pt. 2 The Basic Tools
      Ch. 6 Reading a Financial Statement: The Accuracy, Sustainability, and Predictability of Financial Information
      Appendix 6-1 Gateway Financial Statements
      Ch. 7 Reading a Financial Statement: the Composition of Returns
      Appendix 7-1 Comparative Financial Analysis: Personal Computer Industry
      Ch. 8 Reading a Financial Statement: Early-Stage Companies and Investment Capacity
      Ch. 9 Reading a Financial Statement: Later-Stage Companies and the Transition to Maturity
      Ch. 10 Economic Value Added: An Alternative to Traditional Analysis Techniques
      Appendix 10-1 Gateway's Cost of Capital
      Pt. 3 Financial Models
      Ch. 11 Financial Modeling: Base Case Assumptions and Model Design
      Appendix 11-1 Dell Computer Corporation Consolidated Statement of Income
      Ch. 12 Financial Modeling: The Income Statement and Balance Sheet
      Ch. 13 Financial Modeling: The Statement of Cash Flows
      Pt. 4 Equity Valuation
      Ch. 14 Valuation: Foundations and Fundamentals
      Ch. 15 Combat Finance: Relative Methods and Companion Variable Models
      Ch. 16 Hybrid Valuation Techniques
      Ch. 17 The Quirky Price/Earnings Ratio
      Ch. 18 Valuation of Speculative Stocks
      Ch. 19 Equity Analysis and Business Combinations
      Pt. 5 Getting It Down on Paper
      Ch. 20 Financial Writing: Don't Bury the Lead
      Bibliography
      Index
      Income Tax Fundamentals, 2007 Edition (Income Tax Fundamentals)
      Average customer rating: 5 out of 5 stars
      • Income Tax Book
      • EXCELLENT!!!
      Income Tax Fundamentals, 2007 Edition (Income Tax Fundamentals)
      Gerald E. Whittenburg , and Martha Altus-Buller
      Manufacturer: South-Western College/West
      ProductGroup: Book
      Binding: Paperback

      GeneralGeneral | Taxes | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      Personal TaxesPersonal Taxes | Taxes | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
      GeneralGeneral | Business & Investing | Subjects | Books
      GeneralGeneral | Taxation | Law | Subjects | Books
      GeneralGeneral | Taxation | Law | Professional & Technical | Subjects | Books
      GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
      Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
      Look Inside Nonfiction BooksLook Inside Nonfiction Books | Trip | Specialty Stores | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
      ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
      Similar Items:
      1. Payroll Accounting 2007 (with Payroll CD and ADP CD) (Payroll Accounting) Payroll Accounting 2007 (with Payroll CD and ADP CD) (Payroll Accounting)
      2. Intermediate Accounting (with Business and Company Resource Center) Intermediate Accounting (with Business and Company Resource Center)
      3. Computer Accounting with Peachtree Complete 2006, Release 13.0 with Student CD-ROM Computer Accounting with Peachtree Complete 2006, Release 13.0 with Student CD-ROM
      4. Integrated Accounting for Windows (with Integrated Accounting Software CD-ROM) Integrated Accounting for Windows (with Integrated Accounting Software CD-ROM)
      5. Intermediate Accounting Intermediate Accounting

      ASIN: 032439926X

      Book Description

      Master tax law with INCOME TAX FUNDAMENTALS, 2007 Edition. With concise, practical, and current coverage of individual income tax preparation, this taxation text prepares you to understand tax law by using the building block approach with feedback at the end of each section. The text/workbook format saves you time by presenting material in easy-to-digest sections with self-checks, online quizzes and activities, multiple examples, and review problems.

      Customer Reviews:

      5 out of 5 stars Income Tax Book.......2007-09-13

      The item was delivered in a timely fashion and it was in excellent condition. I will most definitely look here first for my textbooks, I saved quite a bit of money than what they were charging in the school bookstore.

      Thank you,

      5 out of 5 stars EXCELLENT!!!.......2007-03-08

      I found the item was in excellent condition and was shipped with promptness. THANK YOU AMAZON!!!
      The Fundamentals of Risk Measurement
      Average customer rating: 4 out of 5 stars
      • Excellent overview of bank risk management
      • Nice Overview
      • Fantastic book
      • One of the Best Books for Risk Management
      • A great primer
      The Fundamentals of Risk Measurement
      Christopher Marrison
      Manufacturer: McGraw-Hill
      ProductGroup: Book
      Binding: Hardcover

      Corporate FinanceCorporate Finance | Finance | Business & Investing | Subjects | Books
      GeneralGeneral | Business & Investing | Subjects | Books
      GeneralGeneral | Accounting | Industries & Professions | Business & Investing | Subjects | Books
      GeneralGeneral | Investing | Business & Investing | Subjects | Books
      GeneralGeneral | Accounting | Accounting & Finance | Professional & Technical | Subjects | Books
      Look Inside Business BooksLook Inside Business Books | Trip | Specialty Stores | Books
      Similar Items:
      1. Financial Risk Management: A Practitioner's Guide to Managing Market and Credit Risk (with CD-ROM) Financial Risk Management: A Practitioner's Guide to Managing Market and Credit Risk (with CD-ROM)
      2. The Essentials of Risk Management The Essentials of Risk Management
      3. The Standard & Poor's Guide to Measuring and Managing Credit Risk The Standard & Poor's Guide to Measuring and Managing Credit Risk
      4. Financial Risk Manager Handbook (Wiley Finance) Financial Risk Manager Handbook (Wiley Finance)
      5. Enterprise Risk Management: From Incentives to Controls Enterprise Risk Management: From Incentives to Controls

      ASIN: 0071386270

      Book Description

      TABLE OF CONTENTS

      Chapter 1: The Basics of Risk Management This chapter introduces how banks work. It describes how they make money, how they often lose money, and how they try to manage their losses. It includes thirteen short case studies showing how banks have lost money.

      Chapter 2: Risk Measurement at the Corporate Level: Economic Capital and RAROC Chapter Two discusses the meaning of capital and how the risks that a bank faces are related to the amount of capital that the bank should hold. It then describes the two fundamental building blocks of integrated risk measurement: Economic Capital and Risk Adjusted Return on Capital (RAROC).

      Chapter 3: Review of Statistics Chapter Three is useful for those readers who do not have a recent working knowledge of statistics. It reviews the statistical relationships that are commonly used in risk measurement and provides reference material for the rest of the book. Examples are provided using financial loss data.

      MARKET RISK SECTION

      Chapter 4: Background on Traded Instruments This chapter gives an overview of the main types of traded instruments: bonds, equities and derivatives. It gives a qualitative description of the instrument, examples of calculating the instrument’s value and the basic risk metrics such as duration and the Greeks. This chapter is useful for those readers who are new to the finance industry.

      Chapter 5: Market Risk Measurement This chapter describes the most common ways to measure market risks: Sensitivity analysis, Stress testing, Scenario testing, Sharpe Ratio and Value at Risk. It gives detailed examples of using each of the metrics.

      Chapter 6: The Three Common Approaches for Calculating Value at Risk Value at Risk (VaR) has become the standard approach for measuring market risk. This chapter is devoted to explaining the details of the three common approaches to calculating VaR: Parametric VaR, Historical VaR and Monte Carlo VaR. We work though increasingly complex examples and compare the strengths of each approach. (Note: many readers will be particularly interested in this chapter because the name “VaR” is well known and has a certain mystery)

      Chapter 7: Value at Risk Contribution The Value at Risk Contribution (VaRC) is a useful way of pinpointing the source of the portfolio’s risk. VaRC can break down the risk by instrument, trading desk or market risk factor. Examples are given for several types of VaRC.

      Chapter 8: Testing VaR Results to Ensure Proper Risk Measurement This chapter discusses the procedures required by regulators to backtest VaR calculators to check that their predictions of losses are consistent with market events.

      Chapter 9: Calculating Capital for Market Risk VaR is used as the basis for calculating both Regulatory Capital and Economic Capital for Market Risks. In this chapter VaR also extended to measure the risk of Asset Management operations.

      Chapter 10: Overcoming VaR Limitations Although VaR is the best single metric for market risks, is has several limitations. The limitations and typical solutions are discussed in this chapter.

      Chapter 11: The Management of Market Risk This chapter concludes the market risk section by describing how the results of risk measurement are used by management to identify the sources of risk. It also describes the process of setting VaR Limits. (Note: readers should be particularly interested in VaR Limits because it is difficult and an important element in controlling a bank’s risk).

      ASSET/LIABILITY MANGEMENT SECTION

      Chapter 12: Introduction to Asset Liability Management Asset Liability Management (ALM) is primarily concerned with the interest rate and liquidity risks that are created when commercial banks take in short term deposits from customers and give out long term loans. This chapter describes how those risks arise and the risk characteristics of different types of deposits and loans.

      Chapter 13: Measurement of Interest Rate Risk for ALM This chapter discussed the primary techniques used to measure interest rate risk: Gap reports, Rate shift scenarios and Simulations

      Chapter 14: Funding Liquidity Risk in ALM The measurement of liquidity risk is broken into three groups: expected, unusual and crisis events. Measurement techniques are given for each group.

      Chapter 15: Funds Transfer Pricing and the Management of ALM Risks A key use of asset/liability measurement is the calculation of the fair price at which funds should be lent from one department to another within a bank. This is one of the keys to integrated risk measurement and is a critical component in measuring risk-adjusted profitability and setting prices to customers. A typical balance sheet is used to illustrate how transfer pricing works in detail.

      CREDIT RISK SECTION

      Chapter 16: Introduction to Credit Risk This chapter discusses the sources of credit risk and how measurement is used to manage the risks

      Chapter 17: Types of Credit Structure For readers who are unfamiliar with lending operations, we discuss the ways that credit exposures are structured in commercial and retail lending. It also describes the calculation of credit exposure for derivatives trading operations and gives an overview of credit derivatives.

      Chapter 18: Risk Measurement for a Single Facility This chapter shows how the Expected Loss and Unexpected Loss for a loan can be calculated from the Probability of Default, Loss In the Event of Default, Exposure at Default and the Grade Migration Matrix.

      Chapter 19: Estimating Parameter Values for Single Facilities One of the main difficulties in credit risk measurement is the estimation of values for Probability of Default, Loss Given Default and Exposure at Default. This chapter discusses estimation techniques such as Discriminant Analysis and the Merton Model. It also gives parameter values that can be used as the basis for the reader’s own models. The parameter values are used in examples to demonstrate how the credit risk calculations are used.

      Chapter 20: Risk Measurement For A Credit Portfolio: Part One To estimate the overall risk for a portfolio many credit instruments, we must examine the correlation between losses. This chapter describes the Covariance Credit Portfolio Model and the different approaches available for estimating default correlations. It also describes how the correlations can be used to estimate the Unexpected Loss Contribution and the Economic Capital for a single facility within a portfolio.

      Chapter 21: Risk Measurement For A Credit Portfolio: Part Two This chapter describes the four other widely used approaches for estimating the risk of credit portfolios: the actuarial model, the Merton-based simulation model, the macro economic default model and the macro economic cashflow model used for structured and project finance. It concludes with a section describing how the models can be combined in a unified framework to create an integrated simulation of all the bank’s risks

      Chapter 22: Risk Adjusted Performance and Pricing for Loans Knowing the economic capital for a loan, this chapter shows how to calculate the minimum price that should be charged to a loan customer. The analysis shows how to include multi-year effects such as grade migration. Illustrative examples are included. (Note: this chapter should be of interest to readers because loan pricing is another difficult and important subject that is rarely discussed in other books)

      Chapter 23: Regulatory Capital for Credit Risk The Basel Committee on Banking Supervision (often called the BIS) is planning fundamental changes to the way that banks must calculate the capital that they hold. The new calculations will be very similar to the calculations described in the rest of this book for economic capital. This chapter summarizes the history of the Capital Accords then compares the different approaches that the BIS will allow. It also gives a standard plan for implementing the new Accords. (Note: this should be of interest to readers because the shift to BIS measurement is of major importance, it will be difficult for most banks, and it must be completed by 2005)

      OPERATING RISK SECTION

      Chapter 24: Operating risk The quantification of Operating Risks is on the frontier of the industry’s understanding of risk measurement. The risk estimation approaches can be categorized as either qualitative, structural or actuarial. These approaches are described including Key Risk Indicators and the BIS approaches.

      INTEGRATED RISK SECTION

      Chapter 25: Inter-risk Diversification and Bank-Level RAROC This chapter describes how all the models are linked to calculate Economic Capital and Risk Adjusted Profitability for the Bank as a whole. It concludes with of the steps normally required to implement the bank-wide measurement of Economic Capital and RAROC.pital and RAROC.

      Customer Reviews:

      5 out of 5 stars Excellent overview of bank risk management.......2005-10-21

      I really can't say enough about this book. From the perspective of a banker who wants to understand the fundamentals it is comprehensive, well organized and presented in a style that makes understanding the materials easy (or as easy as can be expected given the topic).

      I recently took a copy to an Fx class I presented to the central bank staff in Azerbaijan. They liked the book so much that I was forced (not literally - maybe 'encouraged' would be a better word) to leave my copy behind. I promptly ordered another on my return.

      While there are certainly more advanced texts on this same topic, I have yet to see one that does a better job of communicating the core concepts.

      Great job!

      3 out of 5 stars Nice Overview.......2004-08-30

      It was a nice overview of some existing models but it lacked the drill down needed for the next step. I did not find that it allowed you to handle actual data.

      5 out of 5 stars Fantastic book.......2003-05-23

      Moving from academia to the real world is made much smoother with this great text by Dr. Marrison. This book integrates interest rate, liquidity and credit risk with bank management perfectly. Anyone interested in gaining a strong economic background with a quantitative degree like myself will find this book extremely useful.

      5 out of 5 stars One of the Best Books for Risk Management.......2002-10-23

      Marrison has written an outstanding book on risk management. What is attractive about the treatment is the fact that it covers all aspects of risk management for financial institutions. Lots of books focus only on "new" techniques (VaR, portfolio credit risk models) or only on "traditional" techniques (credit analysis, ALM). Marrison treats them all, and uses capital allocation as a unifying theme.

      Two previous reviews that suggest Marrison is too basic or merely repeats other authors are, in my humble opinion, dishonest. Marrison is a sophisticated book for sophisticated readers who are new to risk management. This includes MBA students taking courses on the capital markets or risk management. It also includes professionals working in their first risk management position. Marrison did not invent VaR or ALM, but authors of other books did not invent these concepts either. An author's task is to describe established concepts in a manner that is accessible to and useful for his audience. In this respect, Marrison's book is a dramatic step forward. His choice of topics, organization and writing are superb.

      One of those previous reviews recommended that you read books by certain other authors instead of Marrison. Of those books, the only one that Marrison competes with is Jorion's Value-at-Risk. Marrison is an order of magnitude better than that book. The other books cover unrelated topics or are more advanced treatises on specific topics. You might graduate to such books from Marrison, but they are not alternatives to Marrison.

      Finally, you can't beat the price on this book. Marrison simultaneously offers a bargain AND one of the best books available on risk management.

      4 out of 5 stars A great primer.......2002-09-11

      Chris Marrison's book is something I have been seeking for a very long time. It is well organized and easy to read. I have spent several years in strategic financial services consulting, wherein a strong foundation in risk measurement concepts and tools is essential for consultants across experience levels. Though having studied undergraduate finance and statistics, I ended up developing my rudimentary (and incomplete) knowledge of risk measurement in a very ad-hoc, context-specific and inefficent fashion. Now an MBA student at Harvard, I come across peers also seeking to understand the business, technical and practical aspects of risk measurement, as conceptually, 'risk management' is a common idea but an abstract practice for many professionals. There is no other textbook I've come across that addresses the essentials of risk measurement in as tangible a manner. I will not hesitate to recommend this book as a great primer to fellow students. The only caveat I offer is that this book is for those truly interested in jumping into the practical applications of risk measurement - for more of an overview of risk management theory, or esoterica for that matter, you're better off looking elsewhere.

      Books:

      1. Ghosts of Spain: Travels Through Spain and Its Secret Past
      2. Glencoe Algebra: Concepts and Applications, Student Edition
      3. Greece In The Age Of Pericles
      4. Healthcare Finance: An Introduction To Accounting And Financial Management
      5. Healthcare Finance: An Introduction To Accounting And Financial Management
      6. History: Fiction or Science? (Chronology, No. 1)
      7. History: Fiction or Science? (Chronology, No. 1)
      8. History: Fiction or Science? (Chronology, No. 1)
      9. History: Fiction or Science? (Chronology, No. 1)
      10. History: Fiction or Science? (Chronology, No. 1)

      Books Index

      Books Home

      Recommended Books

      1. When in Germany, Do as the Germans Do: The Clued-In Guide to German Life, Language, and Culture
      2. The Battle of Alamein: Turning Point, World War II
      3. Keys From the Past, Still Open Doors
      4. Macroeconomics and Active Graph CD Package
      5. Principles of Financial Engineering
      6. The Courage to Heal - Third Edition - Revised and Expanded: A Guide for Women Survivors of Child Sex
      7. Profitable Customers: How to Identify, Develop and Keep Them
      8. The Origins of the Modern World: A Global and Ecological Narrative
      9. Motivation in the Workplace: Inspiring Your Employees
      10. Nervous Water: A Brady Coyne Novel