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
Part IV. Additional cases
Krishna G. Palepu
Krishna G. Palepu joined the faculty of the Harvard Business School in 1983. He is the Ross Graham Walker Professor of Business Administration and Senior Advisor to the President of Harvard University. Professor Palepu was a Senior Associate Dean at the Harvard Business School for several years, overseeing the school's research and its global initiative. Professor Palepu's current research and teaching activities focus on strategy and governance. Professor Palepu has published numerous academic and practitioner-oriented articles and case studies on these issues. He has served on a number of public company and non-profit boards. He has also been on the Editorial Boards of leading academic journals, and has served as a consultant to a wide variety of businesses. Krishna Palepu is a researcher at the National Bureau of Economic Research (NBER) and a fellow of the International Academy of Management. Professor Palepu has a master's degree in physics from Andhra University, a post-graduate diploma in management from the Indian Institute of Management Calcutta, a doctorate in management from the Massachusetts Institute of Technology and an honorary doctorate from the Helsinki School of Economics and Business Administration.
Paul M. Healy
Paul Healy is the James R. Williston Professor at the Harvard Business School. His research covers a broad range of topics, including white collar crime, governance, business ethics, financial analysis and Wall Street research. He joined the HBS faculty in 1998, after fourteen years on the faculty at the M.I.T. Sloan School of Management, where he received awards for teaching excellence in 1991, 1992 and 1997. He received accounting and finance degrees from Victoria University in New Zealand (1976 and 1977) and a PhD. from the University of Rochester (1981). He has published widely in the leading academic and practitioner journals and has received numerous research rewards. He has taught MBA and executive courses on accounting, financial analysis, corporate boards and ethical leadership.
Erik Peek is Professor of Business Analysis and Valuation at Rotterdam School of Management, Erasmus University, the Netherlands. Professor Peek conducts research in the areas of financial analysis, accounting and valuation, earnings forecasting and international financial accounting. He has published articles in major academic journals including, among others, Contemporary Accounting Research, the Journal of Business Finance & Accounting, the Journal of International Accounting Research and the European Accounting Review. Prior to joining RSM, Professor Peek was an Associate Professor at Maastricht University in the Netherlands. He has been a Visiting Associate Professor at the Wharton School of the University of Pennsylvania. He received his doctorate from VU University Amsterdam in 2001 and has been a Chartered Financial Analyst (CFA) charter holder since 2002.
Considering recent changes in accounting regulation, the text has been updated in line with the latest IFRS Standards framework.
New and revised cases feature international, well-known companies such as Wirecard, Boeing, Siemens, Snap Inc. and Bayer-Monsanto, demonstrating business analysis and valuation in practice.
Increased coverage on sustainability, stakeholder value or shared value creation in strategy, and a critical discussion of ESG reporting engage students with this topical issue.
A fully updated companion website is available with PowerPoint slides, an Instructor’s Manual, additional questions, solutions, example spreadsheets and weblinks.
A broad range of relatable, current examples across a wide range of industries bring financial theory to life for students.
Throughout the book, financial statements from a leading international company engage students and present complex concepts in a business context.
Core concepts and their definitions give students an opportunity to review their understanding.
Extensive end-of-chapter questions, exercises and problems reinforce the material covered and prepare your students for professional exams.
VitalSource eBook: Business Analysis and Valuation: IFRS 12 Months