Accounting for Value
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 financethe cost-of-capital, the CAPM, and discounted cash flow analysisStephen Penman returns to the common-...
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 financethe cost-of-capital, the CAPM, and discounted cash flow analysisStephen Penman returns to the common-...
