Step-By-Step Business Analysis and Valuation: Using Financial Statements to Value Any Business

Financial statements are the documents compiled and filed by every company doing business in America and by most companies throughout the world. But what do these statements really tell you about the value and business health of the companies filing these documents? How can they be used to monitor and judge a company's performance? Here, in a step-by-step contemporary framework, is a comprehensive way to analyze business strategy, assess accounting policies and estimates, evaluate financial performance, and forecast the firm's value. A variety of real-world decision contexts helps the reader understand how the framework actually works in the areas of securities analysis; credit analysis; merger and acquisition analysis; corporate financing policies analysis; and management communications analysis.