The text book Business Analysis & Valuation: Using Financial Statements, Text & Cases is a unique accounting text book both for its focus areas and structure. Unlike most classic accounting text books, this text book’s focus is not to get the students to master the accounting process and cycle but on using the financial statements to arrive at a valuation of the business or company. This text book also incorporates into each chapter a Harvard Business School case study to give students a real life application of the concepts being learnt every chapter. We at GraduateTutor.com are happy to announce that we do provide tutoring for The Business Analysis & Valuation: Using Financial Statements, Text & Cases text book by Krishna G. Palepu and Paul Healy
The Business Analysis & Valuation: Using Financial Statements, Text & Cases text book has won the American Accounting Association’s Wildman Award for its impact on management practice, as well as the Notable Contribution to the Accounting Literature Award for its impact on academic research. This text book has been translated into Chinese, Japanese, and Spanish and is used in these countries too.
This Business Analysis & Valuation: Using Financial Statements, Text & Cases text book by Krishna G. Palepu and Paul Healy also comes with an online financial statement analysis and valuation tool from BAV Software. Accounting and its applications are portrayed from the perspective of corporate finance managers, investors, financial analysts, investment bankers and consultants. The framework adopted by the Business Analysis & Valuation: Using Financial Statements, Text & Cases text book is comprised of four segments:
- Strategy analysis;
- Adjusted accounting measures of performance;
- Financial analysis, ratio analysis and cash flow analysis; and
- Prospective analysis.
Business Analysis & Valuation: Using Financial Statements text book has case studies that apply the concepts being taught to different contexts including mergers and acquisitions, credit analysis communication, securities analysis, corporate finance and governance. In addition to case studies in each chapter, additional case studies are provided at the end of the text book for more practice. The text book is organized into four sections:
- Business Analysis and Valuation Tools
- Business Analysis and Valuation Applications
- Additional Case studies
While the book is unique in many ways, we have notes some issues reported by students. While this book does start with some basic accounting, it does not develop a good accounting foundation before going deeper and does not explain basic formulas in depth. Some have complained that this book does not cover issues in sufficient depth.
The Chapters Covered in this book include:
- A Framework for Business Analysis and Valuation Using Financial Statements
- Strategy Analysis
- Overview of Accounting Analysis
- Implementing Accounting Analysis
- Financial Analysis
- Prospective Analysis: Forecasting
- Prospective Analysis: Valuation Theory and Concepts
- Prospective Analysis: Valuation Implementation
- Equity Security Analysis
- Credit Analysis and Distress Prediction
- Mergers and Acquisitions.
- Communication and Governance
Case studies covered in the Business Analysis & Valuation: Using Financial Statements, Text & Cases text book include:
- New Century Financial
- Visio, Inc
- The Fall of Enron
- Accounting for the iPhone at Apple, Inc
- United Parcel Service’s IPS
- Krispy Kreme Doughnuts
- Valuation Ratios in the Restaurant Industry
- Home Depot, Inc., in the New Millennium
- Oddo Securities: ESG Integration
- Liz Claiborne
- Eddie Bauer (A)
- Target Corporation: Ackman versus the Board
- The Role of Capital Market Intermediaries in the Dot-Com Crash of 2000
- Harnischfeger Corporation
- Revenue Recognition Problems in the Communications Equipment Industry Amazon.com in the Year 2000
- Schneider and Square D
- Financial Reporting Problems at Molex, Inc. (A)
- America Online, Inc
- Boston Chicken, Inc
- Hewlett-Packard-Compaq: The Merger Decision
- The Home Depot, Inc
- Pre-Paid Legal Services, Inc
- Subprime Crisis and Fair Value Accounting
- Leasing Decision at Magnet Beauty Products, Inc
- The Risk Reward Framework at Morgan Stanley Research
- Sidoti & Company: Launching a Micro-Cap Product
- Corruption at Siemens (A)
Professor Krishna G. Palepu is the Ross Graham Walker Professor of Business Administration at the faculty of the Harvard Business School which he joined in 1983. , and he is currently the Ross Graham Walker Professor of Business Administration. Professor Palepu has a Masters degree in physics from Andhra University, an MBA from the Indian Institute of Management Calcutta, a PhD from MIT and an honorary doctorate from the Helsinki School of Economics and Business Administration.
Professor Palepu’s current research and teaching activities focus on strategy and governance. Professor Palepu has published numerous academic and practitioner-oriented articles and case studies on these issues. Professor Palepu was on a board of directors and today probably has had the best view of corporate governance issues at the large Indian software giant that fell down in a crash greater than that of Goliath!
Professor Paul Healy is the James R. Williston Professor and Senior Associate Dean for Research at the Harvard Business School. He joined the HBS faculty in 1998, after fourteen years on the faculty at the M.I.T. Sloan School of Management, where he received awards for teaching excellence in 1991, 1992, and 1997. He received accounting and finance degrees from Victoria University in New Zealand in 1976 and 1977 and a Ph.D. from the University of Rochester in 1981. His research covers a broad range of topics, including financial analysis, Wall Street research, corruption, governance, mergers and acquisitions, and business ethics. He has published widely in the leading academic and practitioner journals, has received numerous research rewards, and is the co-author of one of the leading financial analysis textbooks. He has taught MBA and executive courses on accounting, financial analysis, corporate boards, and ethical leadership.
Courses taught by Professor Healy include Leadership and Corporate Accountability, Financial Reporting and Control, Strategic Financial Analysis and Leadership in Financial Organizations.
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