Financial statement analysis : valuation, credit analysis, performance evaluation

Updated with IFRS and Nordic cases This well-structured and thoughtful text is ideal for students in accounting and finance at master level, MBA students and even undergraduate students wishing to gain insight into financial statement analysis. Most text-books in financial statement analysis focus on valuation only. By focusing on the three user-groups equity, credit and compensation analysts the authors present a variety of targeted tools and techniques for analysis and interpretation of financial statements. This text prompts students and professionals with a range of career goals to think critically when analyzing financial data and to make different decisions based on user-group objectives. Features · A four-part themed approach: (1) introduction to financial reporting and bookkeeping, (2) key financial analysis including profitability, growth and liquidity analysis, (3) decision making including forecasting, valuation analysis, credit analysis and how to evaluate and reward management s performance, and (4) accounting flexibility and adjustments needed for different users · An integrated case study that runs throughout the text · Mini-cases throughout the text to show real world applications · Clear and comprehensive figures, featuring actual financial data Supplementary resources · A companion website for students will be launched in 2017. · Instructors will also be provided with resources to support lectures. Christian Vriborg Petersen, PhD, is Professor at Copenhagen Business School. Thomas Plenborg, PhD, is Professor at Copenhagen Business School. Finn Kinserdal, PhD, is Associate Professor at Norwegian School of Economics.

Updated with IFRS and Nordic cases This well-structured and thoughtful text is ideal for students in accounting and finance at master level, MBA students and even undergraduate students wishing to gain insight into financial statement analysis. Most text-books in financial statement analysis focus on valuation only. By focusing on the three user-groups equity, credit and compensation analysts the authors present a variety of targeted tools and techniques for analysis and interpretation of financial statements. This text prompts students and professionals with a range of career goals to think critically when analyzing financial data and to make different decisions based on user-group objectives. Features · A four-part themed approach: (1) introduction to financial reporting and bookkeeping, (2) key financial analysis including profitability, growth and liquidity analysis, (3) decision making including forecasting, valuation analysis, credit analysis and how to evaluate and reward management s performance, and (4) accounting flexibility and adjustments needed for different users · An integrated case study that runs throughout the text · Mini-cases throughout the text to show real world applications · Clear and comprehensive figures, featuring actual financial data Supplementary resources · A companion website for students will be launched in 2017. · Instructors will also be provided with resources to support lectures. Christian Vriborg Petersen, PhD, is Professor at Copenhagen Business School. Thomas Plenborg, PhD, is Professor at Copenhagen Business School. Finn Kinserdal, PhD, is Associate Professor at Norwegian School of Economics.

Updated with IFRS and Nordic cases This well-structured and thoughtful text is ideal for students in accounting and finance at master level, MBA students and even undergraduate students wishing to gain insight into financial statement analysis. Most text-books in financial statement analysis focus on valuation only. By focusing on the three user-groups equity, credit and compensation analysts the authors present a variety of targeted tools and techniques for analysis and interpretation of financial statements. This text prompts students and professionals with a range of career goals to think critically when analyzing financial data and to make different decisions based on user-group objectives. Features · A four-part themed approach: (1) introduction to financial reporting and bookkeeping, (2) key financial analysis including profitability, growth and liquidity analysis, (3) decision making including forecasting, valuation analysis, credit analysis and how to evaluate and reward management s performance, and (4) accounting flexibility and adjustments needed for different users · An integrated case study that runs throughout the text · Mini-cases throughout the text to show real world applications · Clear and comprehensive figures, featuring actual financial data Supplementary resources · A companion website for students will be launched in 2017. · Instructors will also be provided with resources to support lectures. Christian Vriborg Petersen, PhD, is Professor at Copenhagen Business School. Thomas Plenborg, PhD, is Professor at Copenhagen Business School. Finn Kinserdal, PhD, is Associate Professor at Norwegian School of Economics.

This well-structured and thoughtful book is ideal for master’s and bachelor’s students in accounting and finance, as well as MBA students wishing to gain insight into financial statement analysis. The third edition provides up-to-date insights and practical advice on how to apply companies’ financial statements for decision-making. Focusing on three user groups – equity, credit and compensation analysts – the authors present a variety of targeted tools and techniques for the analysis and interpretation of financial statements. A real set of financial statements has been used to demonstrate the application across the different areas, thereby allowing students to achieve a deeper level of understanding. Along with updates of the most recent IFRS accounting standards, this edition also contains new and updated real-life examples – many from the Nordic countries – helping readers understand complex issues when analysing financial statements. The third edition simplifies certain presentations to enhance pedagogical clarity. It also addresses how to analyse modern, asset-light companies. Student tools such as quizzes and multiple-choice questions have been updated, which improves learning. The third edition is filled with expert guidance that students and managers at all levels have come to trust. Features: A four-part themed approach: accounting data, financial analysis, decision-making, and assessment of accounting data - An integrated case study that runs throughout the text - Mini-case studies throughout the text to show real world applications - Clear and comprehensive figures, featuring actual financial data. Thomas Plenborg, PhD, is Professor at Copenhagen Business School. His research is widely published in academic and professional journals and he is a board member for several international companies. He has also consulted multiple international companies on financial issues. Finn Kinserdal, PhD, is Associate Professor at Norwegian School of Economics

This well-structured and thoughtful book is ideal for masters and bachelors students in accounting and finance, as well as MBA students wishing to gain insight into financial statement analysis. The third edition provides up-to-date insights and practical advice on how to apply companies financial statements for decision-making. Focusing on three user groups equity, credit and compensation analysts the authors present a variety of targeted tools and techniques for the analysis and interpretation of financial statements. A real set of financial statements has been used to demonstrate the application across the different areas, thereby allowing students to achieve a deeper level of understanding. Along with updates of the most recent IFRS accounting standards, this edition also contains new and updated real-life examples many from the Nordic countries helping readers understand complex issues when analysing financial statements. The third edition simplifies certain presentations to enhance pedagogical clarity. It also addresses how to analyse modern, asset-light companies. Student tools such as quizzes and multiple-choice questions have been updated, which improves learning. The third edition is filled with expert guidance that students and managers at all levels have come to trust. Features: A four-part themed approach: accounting data, financial analysis, decision-making, and assessment of accounting data - An integrated case study that runs throughout the text - Mini-case studies throughout the text to show real world applications - Clear and comprehensive figures, featuring actual financial data. Thomas Plenborg, PhD, is Professor at Copenhagen Business School. His research is widely published in academic and professional journals and he is a board member for several international companies. He has also consulted multiple international companies on financial issues. Finn Kinserdal, PhD, is Associate Professor at Norwegian School of Economics