Financial statements are the basis for a wide range of business analysis. Managers, securities analysts, bankers and consultants all use them to make business decisions. This volume provides a framework for using financial statement data in a variety of business analysis and valuation contexts. It also details the challenges in revenue recognition such as how to account for payment in advance, multi-period contracts, and bundled services or products is included. It also discusses the credit-worthiness of customers and dissatisfaction about service performance is also included.
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All needed modifications have been comprehensively and excellently
done. These modifications are appropriate, making the book attractive for
European readers. -- Lakshmanan Shivakumar, London Business School
The new edition has succeeded in creating an alternative to PHB
for European students.
-- Sanjay W. Bissessur, University of Amsterdam Business School
This book continues where other textbooks stop: it focuses on the
link between accounting figures and corporate strategy. -- Ignace de Beelde, Ghent University
This is an excellent text...the key strengths are the high level
of explanation and the use of real life examples. -- Simon Pallett, University of Newcastle
Erik Peek is Professor of Business Analysis and Valuation at the Rotterdam School of Management, Erasmus University, the Netherlands. Prior to joining RSM Erasmus University he has been an Associate Professor at Maastricht University and a Visiting Associate Professor at the Wharton School of the University of Pennsylvania. Professor Peek is a CFA charterholder and holds a PhD from the VU University Amsterdam. His research has focused on international accounting, financial analysis and valuation, and earnings management.
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