Customer Reviews

Accounting for M&A, Equity, and Credit Analysts

5 star:		(2)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

This book provides an excellent coverage of topics usually ignored in business school or accounting classess, as they are very complicated. I would recommend this book not to beginners but to people with solid understanding of basic finance and Excel modeling. It helped me a lot to advance my knowledge.

I've been working as an equity research analyst for almost a year now and have accumulated a large number of questions related to the conciliation of accounting and valuation, especially on how to model especific accounting problems to get the most from valuation models. This book was exactly what I was looking for, combining both accounting strictness in terms of rules to be applied with modelling aspects adressing issues related to equity analysts daily duties. I rate this book as very helpful in solving not only new analysts problems, but the ones many senior analysts have as well.

I bought the book as I am doing the CFA program and find the book is good for someone like me not major or practice in accounting to get knowledge of some advanced level of financing accounting knowledge in an easy but meaningful way. Of course understanding financial accounting is important for valuation and know where the pitfalls would come or hide when doing investment analysis, and that exactly the aim of the book.
I suggest you to have one even you are practicing accounting.
The only thing is I cannot contact the author to say thank you and ask him to publish a more updated version of the book.