Category:
Finances and Money
Company Valuation Under IFRS: Interpreting and Forecasting Accounts Using International Financial Reporting Standards free download
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143
Upload Date:
10.03.2010 16:41:35
Author(s):
Publisher:
Harriman House
Date :
2008
Pages :
406
Format :
OCR :
Quality :
Language :
English
ISBN-10 :
190564177X
ISBN-13 :
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Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non-cash items contain useful information about future cash flows - so profits matter.
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