Accounting for Value

by Stephen H. Penman

Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value.

Laying aside many of the tools of modern finance--the cost-of-capital, the CAPM, and discounted cash flow analysis--Stephen Penman returns to the common-sense principles that have long guided...

• Format: Hardcover
• Language: English
• ISBN: 0231151187
• ISBN13: 9780231151184
• Release Date: December 2010
• Publisher: Columbia Business School Publishing
• Length: 264 Pages
• Weight: 1.05 lbs.
• Dimensions: 0.9" x 6.4" x 9.2"
• Grade Range: Postsecondary and higher