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Accounting for Value (Columbia Business School Publishing)
US $16.37
ApproximatelyRM 68.88
Condition:
“Contains highlighting within. Ships within 24 hours!”
Good
A book that has been read but is in good condition. Very minimal damage to the cover including scuff marks, but no holes or tears. The dust jacket for hard covers may not be included. Binding has minimal wear. The majority of pages are undamaged with minimal creasing or tearing, minimal pencil underlining of text, no highlighting of text, no writing in margins. No missing pages.
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US $3.99 (approx RM 16.79) USPS Media MailTM.
Located in: Thompsons Station, Tennessee, United States
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Estimated between Fri, 29 Aug and Wed, 3 Sep to 94104
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14 days return. Buyer pays for return shipping. If you use an eBay shipping label, it will be deducted from your refund amount.
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eBay item number:167655984237
Item specifics
- Condition
- Good
- Seller Notes
- “Contains highlighting within. Ships within 24 hours!”
- ISBN
- 9780231151184
About this product
Product Identifiers
Publisher
Columbia University Press
ISBN-10
0231151187
ISBN-13
9780231151184
eBay Product ID (ePID)
92450999
Product Key Features
Number of Pages
264 Pages
Publication Name
Accounting for Value
Language
English
Publication Year
2010
Subject
Industrial Engineering, Accounting / Financial, Accounting / General
Type
Textbook
Subject Area
Technology & Engineering, Business & Economics
Format
Hardcover
Dimensions
Item Height
0.1 in
Item Weight
19.6 Oz
Item Length
0.9 in
Item Width
0.7 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
2010-042335
Reviews
Penman's book...contains gems on every page - to the point that no one who deals with the market in any capacity should pass by this text until they have committed to memory as many points therein as their limited, mark one, human brains, can hold., I highly recommend the essential and fundamentals oriented book Accounting for Value by Stephen Penman, to anyone who is serious about investing in sound, fundamental stocks. This book will benefit the beginning or experienced investor, accountants, and anyone interested in the coupling of accounting with equity valuation., Penman's book...contains gems on every page -- to the point that no one who deals with the market in any capacity should pass by this text until they have committed to memory as many points therein as their limited, mark one, human brains, can hold., For a practical book that will help you understand the use of accounting in understanding stock valuation, Accounting for Value is the resource you are looking for you.
Dewey Edition
22
Grade From
College Graduate Student
Illustrated
Yes
Dewey Decimal
332.63
Table Of Content
Introduction Chapter 1 Return to Fundamentals (and an Accounting for the History of Investment Ideas) Chapter 2 Anchoring on Fundamentals (and How Accounting Supplies the Anchor) Chapter 3 Challenging Market Prices with Fundamentals (and Deploying Accounting for the Challenge) Chapter 4 Accounting for Growth from Leverage (and Protection from Paying Too Much for Growth) Chapter 5 Accounting for Growth in the Business (and More Protection from Paying Too Much for Growth) Chapter 6 Accounting for Risk and Return (and a Remedy for Ignorance About the Cost-of-Capital) Chapter 7 Pricing Growth (and a Revision to Value Versus Growth Investing) Chapter 8 Fair Value Accounting and Accounting for Value Chapter 9 Adding Value to Accounting Chapter 10 The Intelligent Investor and the Intelligent Accountant
Synopsis
Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance-the cost-of-capital, the CAPM, and discounted cash flow analysis-Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you pay but value is what you get; the risk in investing is the risk of paying too much; anchor on what you know rather than speculation; and beware of paying too much for speculative growth. Penman puts these ideas in touch with the quantification supplied by accounting, producing practical tools for the intelligent investor. Accounting for value provides protection from paying too much for a stock and clues the investor in to the likely return from buying growth. Strikingly, the analysis finesses the need to calculate a "cost-of-capital," which often frustrates the application of modern valuation techniques. Accounting for value recasts "value" versus "growth" investing and explains such curiosities as why earnings-to-price and book-to-price ratios predict stock returns. By the end of the book, Penman has the intelligent investor thinking like an intelligent accountant, better equipped to handle the bubbles and crashes of our time. For accounting regulators, Penman also prescribes a formula for intelligent accounting reform, engaging with such controversial issues as fair value accounting., Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance--the cost-of-capital, the CAPM, and discounted cash flow analysis--Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you pay but value is what you get; the risk in investing is the risk of paying too much; anchor on what you know rather than speculation; and beware of paying too much for speculative growth. Penman puts these ideas in touch with the quantification supplied by accounting, producing practical tools for the intelligent investor. Accounting for value provides protection from paying too much for a stock and clues the investor in to the likely return from buying growth. Strikingly, the analysis finesses the need to calculate a "cost-of-capital," which often frustrates the application of modern valuation techniques. Accounting for value recasts "value" versus "growth" investing and explains such curiosities as why earnings-to-price and book-to-price ratios predict stock returns. By the end of the book, Penman has the intelligent investor thinking like an intelligent accountant, better equipped to handle the bubbles and crashes of our time. For accounting regulators, Penman also prescribes a formula for intelligent accounting reform, engaging with such controversial issues as fair value accounting.
LC Classification Number
HF5636
Item description from the seller
Seller feedback (1,304)
- s***a (62)- Feedback left by buyer.Past monthVerified purchaseI purchased the item from the seller, paid in full at the time of purchase. I received notification that the item was shipped, then immediately received notification that I was receiving a refund. No contact from the seller, no explanation of what happened, nothing from Ebay on why the item was NOT shipped as indicated. Nothing. Then, the item was re-listed by the seller with an enormously inflated shipping fee. Bottom line, they canceled my order so they could re-list it for 5 times the amount
- m***8 (219)- Feedback left by buyer.Past monthVerified purchaseExcellent service, shipping, and item. Thank you
- 1***1 (568)- Feedback left by buyer.Past monthVerified purchaseItem arrived quickly. Used book that was in very good condition.
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Seller feedback (1,304)
- s***a (62)- Feedback left by buyer.Past monthVerified purchaseI purchased the item from the seller, paid in full at the time of purchase. I received notification that the item was shipped, then immediately received notification that I was receiving a refund. No contact from the seller, no explanation of what happened, nothing from Ebay on why the item was NOT shipped as indicated. Nothing. Then, the item was re-listed by the seller with an enormously inflated shipping fee. Bottom line, they canceled my order so they could re-list it for 5 times the amount
- m***8 (219)- Feedback left by buyer.Past monthVerified purchaseExcellent service, shipping, and item. Thank you
- 1***1 (568)- Feedback left by buyer.Past monthVerified purchaseItem arrived quickly. Used book that was in very good condition.