List of Cases
List of Accounting Clinics
Chapter 1 Introduction to Investing and Valuation
Investment Styles and Fundamental Analysis
Bubble, Bubble
The Setting: Investors, Firms, Securities, and Capital Markets
The Business of Analysis: The Professional Analyst
The Analysis of Business
Choosing a Valuation Technology
How to Use this Book
The Web Connection
Key Concepts
A Continuing Case: Kimberly-Clark Corporation
Concept Questions
Exercises
Minicase
Chapter 2 Introduction to the Financial Statements
PART ONE FINANCIAL STATEMENTS AND VALUATION
Chapter 3 How Financial Statements Are Used in Valuation
Chapter 4 Cash Accounting,Accrual Accounting,and Discounted Cash Flow Valuation
Chapter 5 Accrual Accounting and Valuation:Pricing Book Values
Chapter 6 Accrual Accounting and Valuation:Pricing Earnings
PART TWO THE ANALYSIS OF FINANCIAL STATEMENTS
Chapter 7 Business Activities and Financial Statements
Chapter 8 The Analysis of the Statement of ShareholdersEquity
Chapter 9 The Analysis of the Balance Sheet and Income Statement
Chapter 10 The Analysis of the Cash Flow Statement
Chapter 11 The Analysis of Profitability
Chapter 12 The Analysis of Growth and Sustainable Earnings
PART THREE FORECASTING AND VALUATION ANALYSIS
Chapter 13 The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios
Chapter 14 Simple Forecasting and Simple Valuation
Chapter 15 Full-Information Forecasting,Valuation,and Business Strategy Analysis
PART FOUR ACCOUNTING ANALYSIS AND VALUATION
Chapter 16 Creating Accounting Value and Economic Value
Chapter 17 Analysis of the Quality of Financial Statements
PART FIVE THE ANALYSIS OF RISK
Chapter 18 The Analysis of Equity Risk and the Cost of Capital
Chapter 19 The Analysis of Credit Risk
Appendix
A Summary of Formulas
Index