Business Analysis Valuation Using Financial Statements 5th by Krishna G. Palepu

Business Analysis Valuation Using Financial Statements 5th by Krishna G. Palepu and Paul M. Healy
ISBN 13: 9781111972301
ISBN 10: 1111972303
PREFACE
Financial statements are the basis for a wide range of business analysis. Managers
use them to monitor and judge their firms’ performance relative to competitors,
to communicate with external investors, to help judge what financial policies they
should pursue, and to evaluate potential new businesses to acquire as part of their investment
strategy. Securities analysts use financial statements to rate and value companies
they recommend to clients. Bankers use them in deciding whether to extend a loan to a
client and to determine the terms of the loan. Investment bankers use them as a basis for
valuing and analyzing prospective buyouts, mergers, and acquisitions. And consultants
use them as a basis for competitive analysis for their clients.
Not surprisingly, therefore, we find that there is a strong demand among business students
for a course that provides a framework for using financial statement data in a variety
of business analysis and valuation contexts. The purpose of this book is to provide
such a framework for business students and practitioners. The first four editions of this
book have succeeded far beyond our expectations in equipping readers with this useful
framework, and the book has gained proponents in accounting and