‏279.00 ₪

The End of Accounting and the Path Forward for Investors and Managers

‏279.00 ₪
ISBN13
9781119191094
יצא לאור ב
New York
זמן אספקה
21 ימי עסקים
עמודים
288
פורמט
Hardback
תאריך יציאה לאור
12 באוג׳ 2016
שם סדרה
Wiley Finance Editions
An innovative new valuation framework with truly useful economic indicators The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative.
An innovative new valuation framework with truly useful economic indicators The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution the Value Creation Report and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making. While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making. * Discover a new, comprehensive system of economic indicators * Focus on strategic, value-creating resources in company valuation * Learn how traditional financial documents are quickly losing their utility * Find a path forward with actionable, up-to-date information Major corporate decisions, such as restructuring and M&A, are predicated on financial indicators of profitability and asset/liabilities values. These documents move mountains, so what happens if they're based on faulty indicators that fail to show the true value of the company? The End of Accounting and the Path Forward for Investors and Managers shows you the reality and offers a new blueprint for more accurate valuation.
מידע נוסף
עמודים 288
פורמט Hardback
ISBN10 1119191092
יצא לאור ב New York
תאריך יציאה לאור 12 באוג׳ 2016
תוכן עניינים Acknowledgments xi The Book in a Nutshell xiii Prologue xxv CHAPTER 1 Corporate Reporting Then and Now: A Century of Progress 1 CHAPTER 2 And You Thought Earnings Are the Bottom Line 15 PART ONE Matter of Fact 27 CHAPTER 3 The Widening Chasm between Financial Information and Stock Prices 29 CHAPTER 4 Worse Than at First Sight 41 CHAPTER 5 Investors Fault or Accounting s? 50 CHAPTER 6 Finally, For the Still Unconvinced 61 CHAPTER 7 The Meaning of It All 67 PART TWO Why Is the Relevance Lost? 77 CHAPTER 8 The Rise of Intangibles and Fall of Accounting 81 CHAPTER 9 Accounting: Facts or Fiction? 94 CHAPTER 10 Sins of Omission and Commission 104 PART THREE So, What s to Be Done? 113 CHAPTER 11 What Really Matters to Investors (and Managers) 119 CHAPTER 12 Strategic Resources & Consequences Report: Case No. I Media and Entertainment 133 CHAPTER 13 Strategic Resources & Consequences Report: Case No. 2 Property and Casualty Insurance 146 CHAPTER 14 Strategic Resources & Consequences Report: Case No. 3 Pharmaceutics and Biotech 163 CHAPTER 15 Strategic Resources & Consequences Report: Case No. 4 Oil and Gas Companies 179 PART FOUR Practical Matters 197 CHAPTER 16 Implementation 199 CHAPTER 17 So, What to Do with Accounting? A Reform Agenda 213 CHAPTER 18 Investors Operating Instructions 230 Epilogue: Advocacy Needed 241 Author Index 243 Subject Index 247
זמן אספקה 21 ימי עסקים