Financial Statement Analysis and Security Valuation or Core Concepts of Accounting Information Systems

Financial Statement Analysis and Security Valuation

Author: Stephen Penman

This text focuses on the output of financial statements,not the input. As such,the book asks what financial statements tell you,not how they are prepared. The idea is to get students to see accounting "working. " The particular use of financial statements that the book focuses on is valuation. The text takes the approach that the best way to accurately value a firm is to look at the future earnings of the firm. The main pretext of the book is that financial statement analysis and valuation analysis are inextricably entwined: valuation is an exercise in financial statement analysis. Financial statement analysis is directed by the need to get information for valuation. Accordingly,the book brings finance and accounting concepts together. The book stresses concepts,but the idea is to show how to move from concepts to practice.

Table of Contents:

1	Introduction to Investing and Valuation	2
2	Introduction to the Financial Statements	26
Pt. I	Investment Returns, Valuation Models, and the Financial Statements
3	Investment Returns	66
4	Valuation Models and Forecasting Dividends and Cash Flows	96
5	Accounting Measurement and Valuation from Earnings Forecasts	130
6	An Accrual Accounting Valuation Model	164
Pt. II	The Analysis of Financial Statements
7	Business Activities and Financial Statements	210
8	The Analysis of the Statement of Shareholders' Equity	232
9	The Analysis of the Balance Sheet and Income Statement	266
10	The Analysis of the Cash Flow Statement	308
11	The Analysis of Profitability	336
12	The Analysis of Growth and Sustainable Earnings	376
Pt. III	Forecasting and Valuation Analysis
13	Valuation of Operations and the Analysis of Price-to-Book Ratios	416
14	Simple Forecasting and Simple Valuation	454
15	Full-Information Forecasting, Valuation, and Business Strategy Analysis	484
16	The Analysis of Price-Earnings Ratios	526
Pt. IV	Accounting Analysis and Valuation
17	Creating Accounting Value and Economic Value	558
18	The Quality of the Current Accounting	594
19	The Quality of Forecasted Ac counting	644
Pt. V	The Analysis of Risk
20	The Analysis of Equity Risk and the Cost of Capital	684
21	The Analysis of Credit Risk	718
App	A Summary of Formulas	745
	Index	761

Books about economics: Maintenance Planning and Scheduling Handbook or Venture Capital and the Finance of Innovation

Core Concepts of Accounting Information Systems

Author: Nancy A Bagranoff

Offering concise, user-friendly coverage of core topics, this essential text provides a strong foundation for courses in Accounting Information Systems and gives instructors the flexibility they need to meet their individual course objectives. This text - now with more color! - is an excellent, stand-alone resource for a shorter course in accounting information systems, or the prefect foundation textbook for a longer class in which other materials are integrated - such as computer projects, casebooks, and readings.

Newly updated and revised, this Tenth Edition has been reorganized to strengthen its flexibility as well as redesigned to promote its flexibility as well as redesigned to promote its accessibility. The reorganized chapter order moves coverage of databases to the end, which better allows for coverage at any point during the course. It also reduces systems chapters from three to one, s this material is often covered in other courses.

New in the Te nth Edition
* Expanded coverage of Sarbanes-Oxley, Cobit Version 4, XBRL, and of risk and governance.
* Test yourself multiple choice questions a the end of each chapter.
* A new database chapter provides hands-on instruction in Microsoft Access.
* Updated Case-in-Point features show the business context of the text material.

Table of Contents:

Pt. 1	An Introduction to Accounting Information Systems	1
Ch. 1	Accounting Information Systems and the Accountant	3
Ch. 2	The Technology of Accounting Information Systems	30
Ch. 3	Documenting Accounting Information Systems	63
Pt. 2	Accounting Information Systems for Collecting, Recording, and Storing Business Data	99
Ch. 4	Transaction Processing: Fundamentals and Major Processing Cycles	101
Ch. 5	Transaction Processing: Additional Cycles, Sp ecial Industries, and Accounting Software	138
Ch. 6	Databases and Data Modeling	172
Pt. 3	Controls and Security in Accounting Information Systems	207
Ch. 7	Introduction to Internal Control Systems	209
Ch. 8	Controls for Computerized Accounting Information Systems	241
Ch. 9	Computer Crime and Ethics	279
Ch. 10	Auditing Computerized Accounting Information Systems	312
Pt. 4	Developing Effective Accounting Information Systems	343
Ch. 11	Systems Study: Planning and Analysis	345
Ch. 12	Systems Study: System Design	372
Ch. 13	Systems Study: Implementation and Maintenance	401
Pt. 5	Special Topics in Accounting Information Systems	435
Ch. 14	Information and Knowledge Processing Systems in Accounting	437
Ch. 15	Electronic Commerce and the Internet	471
	Index	497