Accounting for value

Type Book

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Despite their skills and extensive training, many analysts fail to recognize the basics of good accounting and its deployment in valuation. By focusing on abstract concepts such as measurement basis, exit values, and entity concepts, they miss out on the benfits of a practical approach to valuation. While modern finance has advanced important concepts, including diversification and risk measurement, effective and efficient accounting merges these tools with fundamental analysis to divine a true…

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Title Statements

Full title :Accounting for value / Stephen Penman.

Summary

Edition Statements

Publication Date:©2011.

Publication Statements

Publisher(s):Columbia University Press
Place of Publication:New York
Language:eng
Publication Date:©2011.

The Physical Object

Description:1 online resource (xviii, 244 pages) : : illustrations

Edition Identifiers

ISBN:0231521855, 9780231521857
oclc:ocn733910145
LC Classification:HG4529
Dewey Decimal:332.63/221

Return to fundamentals (and an accounting for the history of investment ideas) -- Anchoring on fundamentals (and how accounting supplies the anchor) -- Challenging market prices with fundamentals (and deploying accounting for the challenge) -- Accounting for growth from leverage (and protection from paying too much for growth) -- Accounting for growth in the business (and more protection from paying too much for growth) -- Accounting for risk and return (and a remedy for ignorance about the cost-of-capital) -- Pricing growth (and a revision to value versus growth investing) -- Fair value accounting and accounting for value -- Adding value to accounting -- The intelligent investor and the intelligent accountant.

Subjects

Accounting Analyse financière -- Comptabilité Business & Economics -- Accounting BUSINESS & ECONOMICS -- Investments & S… Finanzanalyse Investment analysis -- Accounting Rechnungslegung Unternehmensbewertung