Financial Statement Analysis: A Valuation Approach (Pie) (Paperback)

by Leonard C. Soffer (Author), Robin J. Soffer (Author)

Editorial Reviews

Product Description
For undergraduate/graduate courses in Financial Statement Analysis and Valuation. This text combines finance, accounting, and business strategy theory with enough real accounting information to teach students how to actually use financial statement data in valuation and analysis-as well as understand the corporate finance theory behind it.

From the Back Cover

Finally! Financial Statement Analysis: A Valuation Approach is the first book to show readers how to use financial statement information to actually prepare a valuation.

• Includes All of the Commonly Used Valuation Models, and the five models derived from basic discounted cash flow theory: the dividend discount model, the flows to equity model, the free cash flow model, the adjusted present value model, and the residua! income model. The book also provides an unusually rigorous treatment of valuation with multiples.
• Starbucks Continuing Case. !n addition to numerous real-world examples, the Starbucks financial statements are consistently integrated throughout the chapters to show how financial statement analysis and valuation are applied to a real company.
• Integration of Accounting, Finance, and Business Strategy. These concepts are integrated throughout the text so that readers see the connections among them. The book provides a framework for analyzing business strategy and discusses the link between strategy and valuation. Headers learn about business strategy and how to relate a firm's strategic position to the assumptions in a valuation.
• Unique Presentation of Topics. The hook includes chapters on using financial statement disclosures to value companies with pension plans and companies with employee stock option plans.

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Product Details

• Paperback: 452 pages
• Publisher: Prentice Hall; US ed edition (November 22, 2002)
• Language: English
• ISBN-10: 0130328340
• ISBN-13: 978-0130328342
• Product Dimensions: 9.9 x 8 x 0.9 inches
• Shipping Weight: 2.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #507,835 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

4.0 out of 5 stars Good reference for valuating companies using financial statements, July 4, 2007

By	Alex Ferrugia - See all my reviews (REAL NAME)

I used this book in two "Business Analysis using Financial Statements" financial accounting classes and found it to be useful the few times I needed to use it as a reference.

The text represents what I think is a fair mix of both accounting (the reading and interpretation of financial statements) and finance (the valuation) perspectives. It contains more or less what I would have expected from a book with "A Valuation Approach" in the title: multiples, various valuation models (DCF, APV, etc), etc. But it's technically an accounting book in my mind, so it also contains examples for all of the major topics that it covers using 10-Ks, 10-Qs, and other SEC statements as examples.

4.0 out of 5 stars Ensure that the CD is included, September 18, 2007

By	B. Schempf - See all my reviews (REAL NAME)

The book description does not say that the book should come with a CD - which is integral to the product.
The book is easy to read and up to date for when it was written; very practical.