财务报表分析与证券价值评估

List of CasesList of Accounting ClinicsChapter 1 Introduction to Investing and Valuation Investment Styles and Fundamental Analysis Bubble, Bubble The Setting: Investors, Firms, Securities, and Capital Markets The Business of Analysis: The Professional Analyst The Analysis of Business Choosing a Valuation Technology How to Use this Book The Web Connection Key Concepts A Continuing Case: Kimberly-Clark Corporation Concept Questions Exercises

List of CasesList of Accounting ClinicsChapter 1 Introduction to Investing and Valuation Investment Styles and Fundamental Analysis Bubble, Bubble The Setting: Investors, Firms, Securities, and Capital Markets The Business of Analysis: The Professional Analyst The Analysis of Business Choosing a Valuation Technology How to Use this Book The Web Connection Key Concepts A Continuing Case: Kimberly-Clark Corporation Concept Questions Exercises MinicaseChapter 2 Introduction to the Financial StatementsPART 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 EarningsPART TWO THE ANALYSIS OF FINANCIAL STATEMENTS 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 EarningsPART 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 AnalysisPART FOUR ACCOUNTING ANALYSIS AND VALUATION Chapter 16 Creating Accounting Value and Economic Value Chapter 17 Analysis of the Quality of Financial StatementsPART FIVE THE ANALYSIS OF RISK Chapter 18 The Analysis of Equity Risk and the Cost of Capital Chapter 19 The Analysis of Credit RiskAppendixA Summary of FormulasIndex

本书从价值评估的概念框架出发，系统介绍了财务报表分析以及企业基本面分析的相关内容，如财务报表、权责发生制会计、财务报表分析、预测与价值评估、会计分析与价值评估以及风险分析等，从而使读者能够通过合理的财务报表分析理解企业的价值，并将分析结果应用于实际的证券投资之中。 本书为英文改编版，作者首先建立了一个概念框架，以帮助读者理解企业如何运行、如何创造价值以及财务报表如何反映这些价值，并将企业运行的相关知识转化为价值评估，使分析建立在合理的基础之上。并阐述了大量财务报表分析与投资分析中常用的分析工具，并以著名公司的实例阐述了这些工具的运用。本书中所有的分析都与现代金融的原理一致，并且显示了对会计本身的质量的评价。