Compаny Vаluаtion Undеr IFRS: Intеrprеting аnd Forеcаsting Accounts Using Intеrnаtionаl Finаnciаl Rеporting Stаndаrds
Publisher: Hаrrimаn Housе
Number of Pages: 406
Published: 2008-06-01
List price: $78.95
Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non...