This seventh edition of Business Analysis and Valuation: An International Perspective guides students through the interpretation and use of IFRS-based financial statements with the help of case studies from a wide range of international corporations. The authors use real-life financial and non-financial data to show how financial analysis informs valuation decisions. Numerous and varied tasks cement a fundamental and practical understanding of corporate analysis in students.The text has been updated in line with the latest IFRS Accounting and Sustainability Disclosure Standards so you keep up to date.
The importance of environmental and social considerations to profit potential and risk has been expanded with the authors exploring its relevance across industries.
Chapter 2 includes a new section on non-financial reporting and the usefulness of corporate non-financial disclosures in strategy analysis.
Part I: Framework
1. A framework for business analysis and valuation using financial statements
Part II: Business analysis and valuation tools
2. Strategy analysis
3. Accounting analysis: The basics
4. Accounting analysis: Accounting adjustments
5. Financial analysis
6. Prospective analysis: Forecasting
7. Prospective analysis: Valuation theory and concepts
8. Prospective analysis: Valuation implementation
Part III: Business analysis and valuation applications
9. Equity security analysis
10. Credit analysis and distress prediction
11. Mergers and acquisitions