Financial Statement Analysis And Security Valuation, 3/e (sie)

Chapter 1: Introduction to Investing and Valuation

Chapter 2: Introduction to the Financial Statements

Part One: Financial Statements and Valuation

Chapter 3: How Financial Statements Are Used in Valuation

Chapter 4: Cash Accounting, Accrual Accounting, and Discounted Cash Flow Valuation

Chapter 5: Accrual Accounting and Valuation: Pricing Book Values

Chapter 6: Accrual Accounting and Valuation: Pricing Earnings

Part Two: The Analysis of Financial Statement

Chapter 7: Business Activities and Financial Statements

Chapter 8: The Analysis of the Statement of Shareholders? Equity

Chapter 9: The Analysis of the Balance Sheet and Income Statement

Chapter 10: The Analysis of the Cash Flow Statement

Chapter 11: The Analysis of Profitability

Chapter 12: The Analysis of Growth and Sustainable Earnings

Part Three: Forecasting and Valuation Analysis

Chapter 13: The Value of Operations and the Evaluation of Enterprise Price-to- Book Ratios and Price-Earnings Ratios

Chapter 14: Simple Forecasting and Simple Valuation

Chapter 15: Full-Information Forecasting, Valuation, and Business Strategy Analysis

Part Four: Accounting Analysis and Valuation

Chapter 16: Creating Accounting Value and Economic Value

Chapter 17: Analysis of the Quality of Financial Statements

Part Five: The Analysis of Risk

Chapter 18 The Analysis of Equity Risk and the Cost of Capital

Chapter 19 The Analysis of Credit Risk

Appendix A Summary of Formulas

Index

New Features

This book teaches students to view a firm through its financial statements, and to carry out the appropriate financial statement analysis to value the firm's debt and equity. It takes an activist approach to investing, showing how the analyst challenges the current market price of a share by analyzing the fundamentals. With a careful assessment of accounting quality, accounting comes to life as it is integrated with the modern theory of finance to develop practical analysis and valuation tools for active investing. Feature Highlights ? Included are many examples and illustrations which reflect the latest real-world events, as well as developments within accounting and finance. ? Exercises have been divided into Drill Exercises and Applications. Drill Exercises are simple and straightforward, and serve to ease the student into the material, while Applications help students to apply a concept they're learning, to real business practice. ? The spreadsheet tools included in the book give students greater opportunity to apply the analysis to real data. ? The end-of-chapter material is comprehensive, with exercises and cases graded by degree of difficulty.