Business Analysis and Valuation IFRS Edition 3rd by Krishna G. Palepu
ISBN: 9781408056424
Financial statements are the basis for a wide range of business analyses. Managers use them to monitor and
judge their firms? performance relative to competitors, to communicate with external investors, to help judge
what financial policies they should pursue, and to evaluate potential new businesses to acquire as part of their
investment strategy. Securities analysts use financial statements to rate and value companies they recommend to
clients. Bankers use them in deciding whether to extend a loan to a client and to determine the loan?s terms. Investment
bankers use them as a basis for valuing and analyzing prospective buyouts, mergers, and acquisitions. And
consultants use them as a basis for competitive analysis for their clients. Not surprisingly, therefore, there is a
strong demand among business students for a course that provides a framework for using financial statement data
in a variety of business analysis and valuation contexts. The purpose of this book is to provide such a framework
for business students and practitioners. This IFRS edition is the European adaptation of the authoritative US edition
? authored by Krishna G. Palepu and Paul M. Healy ? that has been used in Accounting and Finance departments
in universities around the world. In 2007 we decided to write the first IFRS edition because of the European
business environment?s unique character and the introduction of mandatory IFRS reporting for public corporations
in the European Union. This third IFRS edition is a thorough update of the successful second edition, incorporating
new examples, cases, problems and exercises, and regulatory updates.
