Financial Statement Analysis and Security Valuation

<h4> List of Cases<h4> List of Accounting Clinics<h3> 1 Introduction to Investing and Valuation<h3> 2 Introduction to the Financial Statements<h2> PART ONE: Financial Statements and Valuation<h3> 3 How Financial Statements Are Used in Valuation<h3> 4 Cash Accounting, Accrual Accounting, and Discounted Cash Flow Variation<h3> 5 Accrual Accounting and Valuation: Pricing Book Values<h3> 6 Accrual Accounting and Valuation: Pricing Earnings<h3> 7 Valuation and Active Investing<h2> PART TWO: The Analysis of Financial Statements<h3> 8 Viewing the Business Through the Financial Statements<h3> 9 The Analysis if the Statement of Shareholders' Equity<h3> 10 The Analysis of the Balance Sheet and Income Statement<h3> 11 The Analysis of the Cash Flow Statement<h3> 12 The Analysis of Profitability<h3> 13 The Analysis of Growth and Sustainable Earnings<h2> PART THREE: Forecasting and Valuation Analysis<h3> 14 The Value of Operations and the Evaluation of Enterprise Price-to-Book Ratios and Price-Earnings Ratios<h3> 15 Anchoring on the Financial Statements: Simple Forecasting and Simple Valuation <h3> 15 Full-Information Forecasting, Valuation, and Business Strategy Analysis<h2> PART FOUR: Accounting Analysis and Valuation<h3> 17 Creating Accounting Value and Economics Value<h3> 18 Analysis of the Quality of Financial Statements<h2> PART FIVE: The Analysis of Risk and Return<h3> 19 The Analysis of Equity Risk and Return for Active Investing<h3> 20 The Analysis of Credit Risk and Return<h2> Appendix<h3> A Summary of Formulas<h2> Index