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Overview
This seventh edition of Business Analysis and Valuation: An International Perspective guides students through the interpretation and use of IFRS-based financial statements with the help of case studies from a wide range of international corporations. The authors use real-life financial and non-financial data to show how financial analysis informs valuation decisions. Numerous and varied tasks cement a fundamental and practical understanding of corporate analysis in students..
- The text has been updated in line with the latest IFRS Accounting and Sustainability Disclosure Standards so you keep up to date.
- The importance of environmental and social considerations to profit potential and risk has been expanded with the authors exploring its relevance across industries.
- Chapter 2 includes a new section on non-financial reporting and the usefulness of corporate non-financial disclosures in strategy analysis.
- Current examples and excerpts from international company reports across a wide range of industries bring financial theory to life.
- A running example featuring leading international companies (H&M, Inditex) presents complex methods in a business context.
- Core concepts with concise definitions allow students an opportunity to revise and hone their understanding.
- End-of-chapter questions, exercises and problems featuring real-world companies prepare your students for professional exams.
- A fully updated companion website is available with PowerPoint slides, an Instructor’s Manual, additional questions, solutions and example spreadsheets.
Part I: Framework
1. A framework for business analysis and valuation using financial statements
Part II: Business analysis and valuation tools
2. Strategy analysis
3. Accounting analysis: The basics
4. Accounting analysis: Accounting adjustments
5. Financial analysis
6. Prospective analysis: Forecasting
7. Prospective analysis: Valuation theory and concepts
8. Prospective analysis: Valuation implementation
Part III: Business analysis and valuation applications
9. Equity security analysis
10. Credit analysis and distress prediction
11. Mergers and acquisitions
1. A framework for business analysis and valuation using financial statements
Part II: Business analysis and valuation tools
2. Strategy analysis
3. Accounting analysis: The basics
4. Accounting analysis: Accounting adjustments
5. Financial analysis
6. Prospective analysis: Forecasting
7. Prospective analysis: Valuation theory and concepts
8. Prospective analysis: Valuation implementation
Part III: Business analysis and valuation applications
9. Equity security analysis
10. Credit analysis and distress prediction
11. Mergers and acquisitions