Corporate Finance: A Valuation Approach

Designed for courses in corporate finance, this text is a detailed description of the valuation process, providing an integrated comprehensive method for valuing assets, firms and securities across a wide variety of industries. The presentation begins with a review of financial and accounting techniques, proceeds with a presentation of the valuation process, leading towards the development of pro-forma financial statements and the translation of these projections into values. A key feature of the text is that it aims to teach students how to use pro forma financial statements as a basis for valuation.