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Hardcover Accounting for Value Book

ISBN: 0231151187

ISBN13: 9780231151184

Accounting for Value

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Format: Hardcover

Condition: Good

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Book Overview

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...

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