Business analysis & valuation : using financial statements

Description

Cover Half Title Page Title Page Imprint Page Brief contents Contents Guide to the text Guide to the online resources Preface About the authors Acknowledgements Part 1: Framework Chapter 1: A framework for business analysisand valuation using financialstatements LO1 The role of financial reporting in capital markets LO2 From business activities to financial statements LO3 From financial statements to business analysis Summary Checking and applying your learning Endnotes Part 2: Business analysis andvaluation tools Chapter 2: Strategy analysis LO1 Industry evaluation LO2 Applying industry evaluation LO3 Competitive strategy evaluation LO4 Corporate strategy evaluation Summary Checking and applying your learning Case link Endnotes Chapter 3: Overview of accounting analysis LO1 The annual report LO2 Factors influencing the financialstatements LO3 Steps in accounting analysis Summary Checking and applying your learning Case link Endnotes Chapter 4: Implementing accounting analysis LO1 Recasting financial statements L02 Accounting adjustments: The process LO3 Common adjustments Summary Checking and applying your learning Case link Endnotes Chapter 5: Financial analysis LO1 Ratio analysis LO2 Decomposing profitability: Traditionalapproach LO3 Cash flow analysis Summary Checking and applying your learning Case link Endnotes APPENDIX: Kathmandu financial statements ‘as reported’ and standardised Chapter 6: Prospective analysis: Forecasting LO1 The overall structure of the forecast LO2 Performance behaviour: A starting point LO3 Other forecasting considerations LO4 Making forecasts LO5: Sensitivity analysis Summary Checking and applying your learning Case link Endnotes Chapter 7: Prospective analysis: Valuation theory and concepts LO1 The discounted dividends valuationmethod LO2 The discounted abnormal earningsvaluation method LO3 Valuation using price multiples LO4 Shortcut forms of earnings-basedvaluation LO5 The discounted cash flow model LO6 Comparing valuation methods Summary Checking and applying your learning Case link Endnotes APPENDIX: Reconciling the discounted dividends and discounted abnormal Chapter 8: Prospective analysis: Valuation implementation LO1 Computing a discount rate LO2 Detailed forecasts of performance LO3 Terminal values Summary Checking and applying your learning Case link Endnotes Part 3: Business analysis and valuation applications Chapter 9: Equity security analysis L01 Investor objectives and investmentvehicles LO2 Equity security analysis and marketefficiency LO3 Approaches to fund management andsecurities analysis LO4 The process of a comprehensivesecurity analysis LO5 Performance of security analysts andfund managers Summary Checking and applying your learning Case link Endnotes Chapter 10 Credit analysis and distressprediction LO1 Suppliers of credit LO2 The credit analysis process LO3 Debt ratings LO4 Predicting distress Summary Checking and applying your learning Case link Endnotes Chapter 11: Mergers and acquisitions LO1 A guide to mergers and acquisitions LO2 Acquisition pricing LO3 Acquisition financing and formof payment LO4 Acquisition outcome Summary Checking and applying your learning Case link Endnotes Chapter 12: Communication and governance LO1 Governance overview LO2 External information about financialreporting quality LO3 Communication through financialreporting LO4 Other ways to communicate withinvestors LO5 Internal influences on financial reportingquality LO6 Auditor analysis Summary Checking and applying your learning Case link Endnotes Part 4: Further case studies Case 1 Qantas Case 2 Airlines: Depreciation differences Case 3 Recasting financial statements Case 4 Cochlear: Provisions and patent disputes Case 5 Accounting analysis: Cash flow reconciliation Case 6 Valuation ratios in the retail industry 2016 to 2018 Case 7 Dick Smith Case 8 Resinex Case 9 Foster’s–Southcorp merger Index