Business Analysis & Valuation: Using Financial Statements

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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.

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5 reviews All reviews
April 17,2025
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Pretty sure there is an Asia Pacific edition but read the edition in uni back in the day. It was provided to the class with a PDF link and was able to use it in class. I think there is a similar valuation book from Aswath Damodaran that is based on reviews comparable. I have that one to read so may come back to update. Otherwise case studies were the highlight. Maybe review the contents for the company names then do a search for them for your own analysis.
April 17,2025
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Textbook for financial analysis of businesses. I felt like it was put together from different pieces and didn't contain full mental models of the issues discussed.

It contains information on:
- competitiveness analysis
- basic accounting rules
- financial statement analysis (also motives for management to use accounting rules to suit their bonuses and how to spot them e.g. changes of rules without adequate reason)
- financial forecasting
- valuation techniques (DCF, Discounted Abnormal Earnings, Price Multiples - no mention e.g. price to multi-year multiples like CAPE)
- credit analysis
- mergers and acquisitions analysis (pricing, financing, friendly vs hostile)

In summary the book contains valuable information but it is not a great book.
April 17,2025
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its foucs more on finance than accounting , i found some difficalte with the way of book but its good ..
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