Valuation is at the heart of investing. A considerable part of the
information for valuation is in the financial statements.
"Financial Statement Analysis and Security Valuation," 5 e by
Stephen Penman shows students how to extract information from
financial statements and use that data to value firms. The 5th
edition shows how to handle the accounting in financial statements
and use the financial statements as a lens to view a business and
assess the value it generates.
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