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Author: Nick Antill Publisher: Harriman House Limited ISBN: 190564177X Category : Business & Economics Languages : en Pages : 433
Book Description
International Financial Reporting Standards (IFRS) are now mandatory in many parts of the world, including Europe, Australia and China. In addition, many countries are in the process of IFRS adoption. Lastly, foreign registrants in US companies no longer have to undertake a costly US-IFRS reconciliation. Therefore, it is clear that investors, analysts and valuers need to understand financial statements produced under IFRS to feed in to their valuations and broader investment decisions. Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non-cash items contain useful information about future cash flows - so profits matter. The book then addresses the implications for analysis and valuation of key aspects of IFRS including: - Pensions - Stock options - Derivatives - Provisions - Leases The text also sets out which countries use GAAP, as well as the key differences between IFRS and US GAAP treatments of these issues, in addition to their implications for analysis. A detailed case study is used to provide a step-by-step valuation of an industrial company using both free cash flow and economic profit methodologies. The authors then address a range of common valuation problems, including cyclical or immature companies, as well as the specialist accounting and modelling knowledge required for regulated utilities, resource extraction companies, banks, insurance and real estate companies. Accounting for mergers and disposals is first explained and then illustrated with a detailed potential acquisition using real companies.
Author: Nick Antill Publisher: Harriman House Limited ISBN: 190564177X Category : Business & Economics Languages : en Pages : 433
Book Description
International Financial Reporting Standards (IFRS) are now mandatory in many parts of the world, including Europe, Australia and China. In addition, many countries are in the process of IFRS adoption. Lastly, foreign registrants in US companies no longer have to undertake a costly US-IFRS reconciliation. Therefore, it is clear that investors, analysts and valuers need to understand financial statements produced under IFRS to feed in to their valuations and broader investment decisions. Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non-cash items contain useful information about future cash flows - so profits matter. The book then addresses the implications for analysis and valuation of key aspects of IFRS including: - Pensions - Stock options - Derivatives - Provisions - Leases The text also sets out which countries use GAAP, as well as the key differences between IFRS and US GAAP treatments of these issues, in addition to their implications for analysis. A detailed case study is used to provide a step-by-step valuation of an industrial company using both free cash flow and economic profit methodologies. The authors then address a range of common valuation problems, including cyclical or immature companies, as well as the specialist accounting and modelling knowledge required for regulated utilities, resource extraction companies, banks, insurance and real estate companies. Accounting for mergers and disposals is first explained and then illustrated with a detailed potential acquisition using real companies.
Author: Kenneth Brooks Jr. Publisher: Johns Hopkins University Press ISBN: 9780801836770 Category : Fiction Languages : en Pages : 190
Book Description
Published in hardcover in 1965 and long out of print, this lively and accurate adventure tale is now available in paperback for the first time. As a fictionalized account of life on the Chesapeake Bay at the turn of the century, Run to the Lee has the same appeal to all ages as Gilbert Byron's own beloved novel, The Lord's Oysters.
Author: Ken Mochizuki Publisher: Lerner Publishing Group ISBN: 1430129824 Category : Juvenile Fiction Languages : en Pages : 30
Book Description
"Author Ken Mochizuki reads his award-winning book. There is some soft background music, and a few gentle sound effects, but the power of the words need little embellishment...This treasure of a book is well-treated in this format." - School Library Journal
Author: Kenneth W. Lee Publisher: McGraw Hill Professional ISBN: 0071368345 Category : Business & Economics Languages : en Pages : 305
Book Description
Insights on value investing from a Wall Street superbroker. From 1973 to 1997, the stock market averaged 9% return. Kenneth Lee's "Benchmark Investing" averaged 24%. Value investing may be a hot topic on Wall Street right now, but Lee has been making money with it for nearly a quarter-century. Troucning the Dow, Written in an easy-to-understand style, is packed with step-by-step instructions that show any investor how to be a winner. With returns that rival Warren Buffett and Benjamin Graham, Kenneth Lee carves out his own spot in history with Trouncing the Dow.
Author: Kenneth Lee Publisher: Springer Science & Business Media ISBN: 1461400465 Category : Technology & Engineering Languages : en Pages : 601
Book Description
A state-of-the-art review of scientific knowledge on the environmental risk of ocean discharge of produced water and advances in mitigation technologies. In offshore oil and gas operations, produced water (the water produced with oil or gas from a well) accounts for the largest waste stream (in terms of volume discharged). Its discharge is continuous during oil and gas production and typically increases in volume over the lifetime of an offshore production platform. Produced water discharge as waste into the ocean has become an environmental concern because of its potential contaminant content. Environmental risk assessments of ocean discharge of produced water have yielded different results. For example, several laboratory and field studies have shown that significant acute toxic effects cannot be detected beyond the "point of discharge" due to rapid dilution in the receiving waters. However, there is some preliminary evidence of chronic sub-lethal impacts in biota associated with the discharge of produced water from oil and gas fields within the North Sea. As the composition and concentration of potential produced water contaminants may vary from one geologic formation to another, this conference also highlights the results of recent studies in Atlantic Canada.
Author: Kenneth Lee Publisher: ISBN: 9780981687285 Category : Poetry Languages : en Pages : 118
Book Description
Introducing the new, fresh, expressive poetry of Kenneth Lee. Vivid Lines takes you on a personal, emotional journey through the life and lessons in a coming-of-age perspective and looking back as a young adult.
Author: Kenneth B. Lee Publisher: Praeger ISBN: Category : History Languages : en Pages : 320
Book Description
Korea has had a long, great civilization, with four golden ages. Destruction caused by foreign powers has failed to extinguish the Korean spirit for survival. Korea, at least its southern part, is at the threshold of another golden age, despite the handicap of being a divided nation. To understand Korea's present situation, one must look back at many thousands of years of Korean history. The purpose of this study is to look squarely at that history, including the atrocities committed against Koreans by several countries, especially Japan in the periods of 1592-1598 and 1895-1945. Some of the questions addressed in this study are: How did Koreans rebuild their country time after time, following destruction by foreign invaders? How could Koreans, in recent years, rebuild their economy in such a short time? What motivates them? Why is North Korea so different from South Korea? What is the potential of Korea in the twenty-first century? Why do Koreans have such difficulty unifying their country?
Author: Nick Thomas Publisher: Pen and Sword ISBN: 1844683567 Category : History Languages : en Pages : 264
Book Description
The heroic life of the pilot who became an ace with one of the most successful fighter squadrons in the RAF and a captive in a notorious Nazi POW camp. Following training, Lee received his commission and was posted to 501 Squadron which was sent to support the Expeditionary Force in France, arriving on 10 May, only hours after the Blitzkrieg had been launched. Lee quickly opened his score, claiming several bombers during the first week of operations. Having been wounded when his Hurricane exploded following a dogfight, Lee was briefly rested but soon rejoined the Squadron before they moved to their first Battle of Britain base at Middle Wallop. Lee scored more damaged and destroyed enemy aircraft and by the end of July he was Mentioned in Dispatches. Lee was forced to take to his parachute for the second time, learning of the richly deserved award of his DFC while still recovering from his wounds. He later recalled how each of the Squadrons aces, even Ginger Lacey, had been shot down at least twice during that summer. Lee was later posted to 112 (Shark) Squadron, flying Curtis Kittyhawks on Fighter and Fighter-Bomber missions in North Africa and then to 260 Squadron which was heavily involved in the lead-up to the battle of El Alamein, seeking out and destroying enemy troop columns and fighting off the Luftwaffe which still had air superiority. In March 1943, 123 Squadron began Fighter-Bomber operations against Mediterranean targets. During one Lee was hit by AA and made a forced landing in an olive grove. He was captured and sent to Stalag Luft III just in time to play a key role in the Great Escape.
Author: Nick Antill
Author: Nick Antill
Author: Kenneth Brooks Jr.
Author: Ken Mochizuki
Author: Eric Cuthbert Bernard Lee
Author: Kenneth W. Lee
Author: Kenneth Lee
Author: Kenneth Lee
Author: Kenneth B. Lee
Author: Nick Thomas
Author: Kenneth Lee