Product Description

"Business Analysis and Valuation" teaches students how to use financial statement information to assess a firm's financial performance, value, and creditworthiness. This new IFRS edition has been produced by Erik Peek and amongst other things converts the financial statements in Palepu to a UK/European IFRS base. The book is primarily aimed at Masters and upper-level undergraduate programs in business and requires some prior knowledge of financial accounting, finance, and strategy. The text builds a bridge between accounting and finance, is thus accessible to both finance students and accounting students, and is primarily used in Financial Statement Analysis courses (as opposed to specialist accounting or finance courses). The unique characteristics of the book are the large number of real-life cases used to illustrate the theory; the step-by-step analysis methodology and the extensive discussion of strategy analysis. The distinct structure of the book, based on a business analysis before financial analysis, ensures that financial analysis is approached in a realistic real-world manner and is driven by strategy. The main driver behind the need for a European revision of PHB is the recent adoption of International Financial Reporting Standards (IFRS) in Europe. Currently, all chapters about accounting issues, all cases, and all examples in the book are based on US Generally Accepted Accounting Principles (US GAAP). Much of the international accounting literature agrees that national accounting regulation is not the only determinant of accounting practices. Specifically, after IFRS adoption, European differences in institutions and financial systems (such as the role of banks and taxation) remain to influence European accounting practices.

Product Details

• Amazon Sales Rank: #1041127 in Books
• Published on: 2000-01-23
• Original language: English
• Number of items: 1
• Binding: Paperback
• 288 pages

Simon Pallett, University of Newcastle
This is an excellent text...the key strengths are the high level
of explanation and the use of real life examples.

Lakshmanan Shivakumar, London Business School
All needed modifications have been comprehensively and excellently
done. These modifications are appropriate, making the book attractive for
European readers.

Ignace de Beelde, Ghent University
This book continues where other textbooks stop: it focuses on the
link between accounting figures and corporate strategy.

Customer Reviews

Useful and informative set of modern day case studies
This text, unlike many other academic student books actualy takes a 'real world' look at business examples. The cases chosen in the book are a good sample which cover each chapter well. Interest levels are maintained throughout due to this real case approach which allows the reader to learn a few 'home truths' about household companies such as "the Gap". For anyone studying Accounting & Business Analysis this is certainly a title to consider.

Disappointing
I really thought this would be a @hands-on@ approach book with examples, but found it dry and not easy to read (well, I am not coming from a accounting background anyway)

Specifc, well written and insightful
The book provides a good and broad (though somewhat shallow in certain areas) overview of the accountant rules governing IFRS. The case approach is very entertaining, and it covers almost all the adjustment techniques you will need to balance a company's accounts. However, this is not an introductory book to accounting, and so many concepts are taken for granted (eg consolidation methods, risk analysis, etc).
My recommendation is to definitely buy it, read the cases, and keep it in the your office/study desk drawer. It is a great reference book when you come across strange adjustments in the IFRS balance sheets.