Financial Statement Analysis and Security Valuation
This book describes valuation as an exercise in financial statement analysis. Students learn to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firmís debt and equity. The book takes an activist approach to investing, showing how the analyst challenges the current market price of a share by analyzing the fundamentals. With a careful assessment of accounting quality, accounting comes to life as it is integrated with the modern theory of finance to develop practical analysis and valuation tools for active investing.
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Innovative Book , no doubt . But simple things have been made unnecessarily complex
by the use of cumbersome jargons . There is no use of the term ' non - operating ' , instead
'core ' , ' other core ' , ' unusual ' etc.
excellent and practical book.