Business Analysis and Valuation: Using Financial Statements,
3rd Edition

PART 1 Framework
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

• Krishna G. Palepu

  Krishna G. Palepu joined the faculty of the Harvard Business School in 1983. He is the Ross Graham Walker Professor of Business Administration and Senior Advisor to the President of Harvard University. Professor Palepu was a Senior Associate Dean at the Harvard Business School for several years, overseeing the school's research and its global initiative. 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. He has served on a number of public company and non-profit boards. He has also been on the Editorial Boards of leading academic journals, and has served as a consultant to a wide variety of businesses. Krishna Palepu is a researcher at the National Bureau of Economic Research (NBER) and a fellow of the International Academy of Management. Professor Palepu has a master's degree in physics from Andhra University, a post-graduate diploma in management from the Indian Institute of Management Calcutta, a doctorate in management from the Massachusetts Institute of Technology and an honorary doctorate from the Helsinki School of Economics and Business Administration.

• Paul M. Healy

  Paul Healy is the James R. Williston Professor at the Harvard Business School. His research covers a broad range of topics, including white collar crime, governance, business ethics, financial analysis and Wall Street research. 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 (1976 and 1977) and a PhD. from the University of Rochester (1981). He has published widely in the leading academic and practitioner journals and has received numerous research rewards. He has taught MBA and executive courses on accounting, financial analysis, corporate boards and ethical leadership.

• Sue Wright

  Sue Wright is a Professor of Accounting and Head of Department at UTS Business School. Her research interests include corporate governance, financial reporting and valuation, and business education. Sue has taught financial statement analysis for over 20 years, and supervises many PhD and Masters students. She was awarded Fellow membership of the Accounting and Finance Association of Australia and New Zealand in 2014.

• Michael Bradbury

  Michael Bradbury is Professor of Accounting at Massey University, Albany, and FCA of the New Zealand Institute of Chartered Accountants. His research has examined issues in financial reporting and financial analysis. Michael became a life member of the Accounting and Finance Association of Australia and New Zealand in 2002 and received the Outstanding Contribution to Practice Award in 2001.

• Jeff Coulton

  Jeff Coulton is a Senior Lecturer in the UNSW Business School. Jeff’s research interests include earnings and audit quality, voluntary disclosure, executive remuneration and corporate governance. He has recently been involved in research with NASA on the technical and economic feasibility of off-earth mining. Jeff has been teaching financial statement analysis classes to undergraduate, postgraduate coursework and MBA students for over 10 years.

• 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

• 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

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Business Analysis and Valuation: Using Financial Statements Instructor Solutions Manual
9780170450805

Business Analysis and Valuation: Using Financial Statements PowerPoint Slides
9780170450829

Business Analysis and Valuation: Using Financial Statements Test Bank
9780170450812

Instructor Website for Palepu's Business Analysis and Valuation: Using Financial Statements
9780170450799