Business Analysis & Valuation [Paperback]

Krishna G. Palepu (Author), Victor L. Bernard (Author), Paul M. Healy (Author)

Book Description

ISBN-10: 0538866195 | ISBN-13: 978-0538866194 | Publication Date: January 15, 1996 | Edition: 1st

This combined text-workbook is divided into concise learning parts that cover both the "why" and "how" of accounting. For use after the intermediate accounting course, this casebook supplies full-sized cases based on real world applications, appropriate for graduate students, professionals, and high-level undergraduate accounting students. It may also be used in a capstone course in a financial accounting sequence.

Editorial Reviews

Review

“This is an excellent text which tackles the real issues of accounting analysis and valuation. The conversion to IFRS has been done well. The key strengths are the high level of explanation and the use of real life examples, as well as the fact that the text tackles real problems of forecasting, analysis and valuation in a way which no other text I know does.”

Simon Pallett, University of Newcastle

“All needed modifications have been comprehensively and excellently done. These modifications are appropriate, making the book attractive for European readers.”

Lakshmanan Shivakumar, London Business School

“What makes this book attractive for my course is that it continues where other textbooks stop: it focuses on the link between accounting figures and corporate strategy.”

Ignace de Beelde, Ghent University

“I think that the new edition has succeeded in creating an alternative for PHB for European students. While keeping the original text intact, the authors have managed to give it a European tone.”

Sanjay W. Bissessur, University of Amsterdam Business School

About the Author

Krishna G. Palepu joined the Harvard Business School faculty in 1983. He has taught courses in finance & control financial statement analysis & competitive strategy in the Harvard MBA and Executive Educations program.

Product Details

• Paperback: 275 pages
• Publisher: South-Western Pub; 1st edition (January 15, 1996)
• Language: English
• ISBN-10: 0538866195
• ISBN-13: 978-0538866194
• Product Dimensions: 8.9 x 7.9 x 0.4 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 4.1 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #2,965,791 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

22 of 23 people found the following review helpful:

4.0 out of 5 stars Useful if cumbersome, December 15, 2002

By 

Charles A. Wilcox "seattle starboard" (Seattle, WA USA) - See all my reviews
(REAL NAME)   

This review is from: Business Analysis and Valuation: Using Financial Statements, Text and Cases (Hardcover)

This review applies to the edition WITH CASES. This isn't recommended for anyone who is just starting out with choosing investments. Beginners might be better off with a more general overview of financial statement analysis (FSA) like Higgins' "Analysis of Financial Statements" or Fraser and Omriston's "Understanding Financial Statements".

This was one of two textbooks used in a financial statement analysis course I took for my MBA. Most chapters are down-to-earth and as a whole the book is well-written.

The other text we used was Penman's "Financial Statement Analysis and Security Valuation" which was also a great resource as far as gaining a basic understanding of the mechanics of financial statements and how to build a valuation model.

I contrast the two books because while Penman provides a run-down of several different models analysts can use (and does a good job of arguing for the Residual Income Model of valuation model as being the best), Palepu delves into the implications of companies' choices of accounting methods and provides more insight into what different kinds of businesses should look like in terms of their financial statements.

The cases at the end of each chapter add a lot of value to the text because they get students to focus on the specific issues detailed in each chapter. By picking apart different companies' financial statements we learned to use financial statements to assess the success or failure of companies' efforts to carry out their business strategies.

I rate it "Good - 4 stars"

12 of 13 people found the following review helpful:

4.0 out of 5 stars A good book blending accounting, investing and finance !, August 19, 1999

By 

Jurgen Schraepen - See all my reviews

This review is from: Business Analysis & Valuation (Paperback)

This book is also a bestseller in Japan. Here someone called it "The only textbook now available that broadly explains accounting figures in the valuation model of the firm". This is a good book for beginners. Although the contents might be somewhat easy, the order in which it is written is very meaningful. You will probably have read everything in this book somewhere else, but certainly not in this order ! The importance of the ideas in this book go beyond its contents !!

3.0 out of 5 stars Kindle Edition does not include cases, January 19, 2012

By 

dwhite78 - See all my reviews

Amazon Verified Purchase

This review is from: Business Analysis and Valuation: Using Financial Statements, Text and Cases (with Thomson ONE Access) (Hardcover)

This is a review of the Kindle edition of the textbook rather than the content of the book itself. The Kindle edition does NOT include the cases, even though it's offered as a digital copy of the printed version that DOES include the cases.

Amazon's customer service was very helpful and prompt in issuing a refund for the Kindle copy. So, overall, two stars for the error in offering the Kindle book as equivalent to the printed version, and five stars to Customer Service for their assistance.