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by Krishna G.Palepu and Paul M.Healy

  • ISBN: 113343486X
  • Category: No category
  • Author: Krishna G.Palepu and Paul M.Healy
  • Other formats: rtf lrf doc lit
  • Language: English
  • Publisher: Krishna G.Palepu and Paul M.Healy; 5th edition (2012)
  • Pages: 336 pages
  • FB2 size: 1934 kb
  • EPUB size: 1130 kb
  • Rating: 4.4
  • Votes: 460
Download Business Analysis and Valuation: Using Financial Statements (Text Only) fb2

Krishna G. Palepu is the Ross Graham Walker Professor of Business Administration and Senior Associate Dean for .

Krishna G. Palepu is the Ross Graham Walker Professor of Business Administration and Senior Associate Dean for International Development at the Harvard Business School, Harvard University. This book, translated into Chinese, Japanese, and Spanish, is widely used in leading MBA programs all over the world.

Use features like bookmarks, note taking and highlighting while reading Business Analysis Valuation: Using Financial .

Use features like bookmarks, note taking and highlighting while reading Business Analysis Valuation: Using Financial Statements. Professor Healy joined Harvard Business School as a Professor of Business Administration in 1997.

Business Analysis and Valuation Using Financial Statements: Text and Cases is a textbook by Krishna Palepu and Paul Healy, which is widely used in worldwide MBA programs and finance courses.

Business Analysis and Valuation book. This combined text-workbook is divided into concise.

Summary Financial Statement Analysis. FSA Summary book and lectures.

This text book also incorporates into each chapter a Harvard Business School case study to give students a real life application of the concepts being learnt every chapter.

Financial statements are the basis for a wide range of business analysis. Managers, securities analysts, bankers, and consultants all use them to make business decisions. There is strong demand among business students for course materials that provide a framework for using financial statement data in a variety of business analysis and valuation contexts.

Only those students who have actually participated in class discussion should check the record sheet at the end of each class (before leaving the classroom). Group Projects Group projects could be problems or cases in textbook.

International Edition in Softcover format. Brand New in shrink wrapped cellophane. All pages are written in English. ISBN and Cover are different from the U.S. Edition. Contents are the same as its U.S. Edition. • Originally Color printed on the same quality paper.
Reviews about Business Analysis and Valuation: Using Financial Statements (Text Only) (7):
"Just THINK of all the money we could save by not sending this to an editor!"

As Harvard professors, the authors probably know their stuff. Unfortunately they're completely incapable of writing it in a coherent manner. When I read this book, I have to re-write and paraphrase every paragraph just to ignore convoluted sentences that don't make any statement. The syntax and rhetoric seems like it was machine-translated from Chinese. And then every-other sentence was taken out. This book will talk about a "previous step," without ever defining the previous step; uses gerunds inappropriately; and has sentences that go nowhere. It's like writing, "The bird is, due to its overly supercilious nature, and owing to it." And you're left trying to decode it. It's like writing, "Step 1--cut the red wire. Step 2--but first cut the blue wire." This book is so bad that my senior-level Writing and Rhetoric Studies course is using this as an exercise to correct writing. It's the fifth edition, and it still has typos. Opearting = Operating on page 6-6.
There are few differences between the 4th edition and this one- a few new cases being the major one. Other differences include harder-to-read line graphs (black and blue lines look almost identical- it seems as if they were trying to save money by using less colors, something further illustrated by the differences in the photographs on the covers of the respective editions: the 5th edition one looking rather monochromatic compared to the 4th), and a lack of questions at the end of the case studies. Page numbers between the 4th and 5th editions are almost identical, as is the information provided on those pages.

The operative question for a potential buyer- are additional cases on Vizio and iphone worth an extra $100? When I bought this book (5th Edition) Amazon actually had a picture of the 4th edition on this page, and the title on this webpage made no reference to the edition, so I am a little miffed about that, as the 4th edition would have worked just fine for my purposes.

The content of the chapters of the book is pretty good (4th and 5th edition), and relatively easy to understand, but non-accounting students taking a class using this book might want to get an intermediate accounting book as a supplemental text, as this book seems to assume a pretty good knowledge of accounting and financial statements.

Bottom line: unless you are hellbent on getting the new cases, get the 4th edition- both are extremely expensive, but the 4th edition, much less so.

EDIT: I feel I may have been a bit harsh above in some of my criticisms- there are actually a good bit of new cases, and another major change with the 5th edition is the additional information on IFRS (International Financial Reporting Standards). Even still, considering the price differences, the 4th edition its worthy of consideration.
Informative, but only after you decode all of the useless text. I wrote to side of each paragraph what the information is. It should be more presentable. For example, the 6 components of a Capital Market structure aren't listed and defined. They are buried in 4 paragraphs of text with other elaboration.
The goal is not to effectively educate.
grand star
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"
The book is useful to get an initial / basic understanding of how fundamental analysis should work. It is a good place to start when trying to decode financial statements. The accounting process in particular is very well explained.

The only issue is the lack of consistency in the book. For instance, the WACC is calculated using MM assumptions (particularly the tax effect on debt). But when in explaining the methodology to adjust the cost of equity, these assumptions are not maintained.

Nevertheless a good place to start your analysis!
The access code for registering online is no longer supported by the publisher. Cengage discontinued offering Thomson One access 6 months ago. I wish I had know this when I splurged on a new book!
Just what I needed for school. The condition was not as advertised, but the book gets the job done.
book was in pretty bad shape upon arrival, but still did have the information I had and was a good price

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