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Overview
The only local text in the market, Business Analysis and Valuation provides a framework for understanding and using financial statements for business students and practitioners.
Developed specifically for students undertaking accounting valuation subjects, the text is unique in its approach which introduces and develops a framework for business analysis and valuation using financial statement data, then shows how to apply this framework to a variety of decision contexts.
All chapters of this edition have been updated to include the latest regulations, practices and examples from both the financial markets and research. Industry insights from practitioners and other experts have been added to each chapter, giving students a practical, real-life understanding of how the content they are learning translates to the workplace.
With an increased number of real-business Asia-Pacific case studies exploring various issues, including a running chapter example, and references to recent research in this field, the text offers local context and a practical and in-depth approach.
- NEW locally authored case studies added throughout Parts 1-3 of the chapter contents. New standalone cases help refresh your course and provide updated examples for students. Harvard cases from previous editions have been replaced by locally authored cases in Part 4 for more relevancy
- A NEW Asia–Pacific example has been integrated across the chapters. Kathmandu Limited, an outdoor equipment and clothing retailer, is used to illustrate the concepts and practice of financial analysis. The retail industry in the region remains competitive and subject to ongoing competitive challenges, yet is well known to students
- NEW 'Industry Insights' feature showcases insider insights into the industry
- Three NEW resources for instructors using this edition. First, two online-only cases covering Dilligent and Rubicon are included in the instructor resources for download. A new business valuation template in Excel helps with the practical application of theory for all the case studies within the book. Last, a new Test Bank is also available in Word, written especially for and by ANZ instructors
- The only local text book on the market, featuring ANZ companies and data that are easily and immediately relatable to students
- A practical, staged approach – takes students through the steps of analysis to help their understanding
- Shorter case studies running throughout Parts 1-3 are ideal for tutorial-based discussion and learning, where longer cases in Part 4 of the contents are ideal for extended study. Ongoing cases through Parts 1-3 featuring Kathmandu (chapter 2 - 8, and 10), Bunnings (chapter 11), and GetSwift (chapter 12), help with continuity through the semester
1 A framework for business analysis and valuation using financial statements
PART 2 Business analysis and valuation tools
2 Strategy analysis
3 Overview of accounting analysis
4 Implementing accounting analysis
5 Financial analysis
6 Prospective analysis: Forecasting
7 Prospective analysis: Valuation theory and concepts
8 Prospective analysis: Valuation implementation
PART 3 Business analysis and valuation applications
9 Equity security analysis
10 Credit analysis and digress prediction
11 Mergers and acquisitions
12 Communication and governance
PART 4 Additional cases
Case 1 Qantas
Case 2 Airlines: Depreciation differences
Case 3 Recasting financial statements
Case 4 Cochlear: Provisions and patent disputes
Case 5 Accounting analysis: Case flow reconciliation
Case 6 Valuation ratios in the retail industry 2010 to 2013
Case 7 Dick Smith
Case 8 Resinex
Case 9 Foster’s-Southcorp merger