Download or read book Accounting for Value written by Stephen Penman and published by Columbia University Press. This book was released on 2010-12-30 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting for Value teaches investors and analysts how to handle accounting in evaluating equity investments. The book's novel approach shows that valuation and accounting are much the same: valuation is actually a matter of accounting for value. Laying aside many of the tools of modern finance the cost-of-capital, the CAPM, and discounted cash flow analysis Stephen Penman returns to the common-sense principles that have long guided fundamental investing: price is what you pay but value is what you get; the risk in investing is the risk of paying too much; anchor on what you know rather than speculation; and beware of paying too much for speculative growth. Penman puts these ideas in touch with the quantification supplied by accounting, producing practical tools for the intelligent investor. Accounting for value provides protection from paying too much for a stock and clues the investor in to the likely return from buying growth. Strikingly, the analysis finesses the need to calculate a "cost-of-capital," which often frustrates the application of modern valuation techniques. Accounting for value recasts "value" versus "growth" investing and explains such curiosities as why earnings-to-price and book-to-price ratios predict stock returns. By the end of the book, Penman has the intelligent investor thinking like an intelligent accountant, better equipped to handle the bubbles and crashes of our time. For accounting regulators, Penman also prescribes a formula for intelligent accounting reform, engaging with such controversial issues as fair value accounting.

Download or read book The Accountant s Story written by Roberto Escobar and published by Grand Central Publishing. This book was released on 2009-02-25 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: "I have many scars. Some of them are physical, but many more are scars on my soul. A bomb sent to kill me while I was in a maximum security prison has made me blind, yet now I see the world more clearly than I have ever seen it before. I have lived an incredible adventure. I watched as my brother, Pablo Escobar, became the most successful criminal in history, but also a hero to many of the people of Colombia. My brother was loved and he was feared. Hundreds of thousands of people marched in his funeral procession, and certainly as many people celebrated his death." These are the words of Roberto Escobar-the top accountant for the notorious and deadly Medellen Cartel, and brother of Pablo Escobar, the most famous drug lord in history. At the height of his reign, Pablo's multibillion-dollar operation smuggled tons of cocaine each week into countries all over the world. Roberto and his ten accountants kept track of all the money. Only Pablo and Roberto knew where it was stashed-and what it bought. And the amounts of money were simply staggering. According to Roberto, it cost $2,500 every month just to purchase the rubber bands needed to wrap the stacks of cash. The biggest problem was finding a place to store it: from secret compartments in walls and beneath swimming pools to banks and warehouses everywhere. There was so much money that Roberto would sometimes write off ten percent as "spoilage," meaning either rats had chewed up the bills or dampness had ruined the cash. Roberto writes about the incredible violence of the cartel, but he also writes of the humanitarian side of his brother. Pablo built entire towns, gave away thousands of houses, paid people's medical expenses, and built schools and hospitals. Yet he was responsible for the horrible deaths of thousands of people. In short, this is the story of a world of riches almost beyond mortal imagination, and in his own words, Roberto Escobar tells all: building a magnificent zoo at Pablo's opulent home, the brothers' many escapes into the jungles of Colombia, devising ingenious methods to smuggle tons of cocaine into the United States, bribing officials with literally millions of dollars-and building a personal army to protect the Escobar family against an array of enemies sworn to kill them. Few men in history have been more beloved-or despised-than Pablo Escobar. Now, for the first time, his story is told by the man who knew him best: his brother, Roberto.

Download or read book Management Accounting Innovations written by Tomasz Wnuk-Pel and published by . This book was released on 2015-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing number of companies are implementing modern cost accounting systems, such as activity-based costing (ABC). This book analyzes the general development and diffusion of ABC and its effect on Polish companies. It analyzes ABC literature in Polish journals and its implementation, structure, and benefits. It also compares general surveys and case studies with similar research conducted in Poland and throughout the world.

Download or read book Prosecutors and Democracy written by Máximo Langer and published by Cambridge University Press. This book was released on 2017-10-26 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first sustained, scholarly examination of the relationship between prosecutors and democracy from a cross-national, cross-disciplinary perspective. Written by a team of internationally distingushed contributors, this is an ideal resource for legal scholars and reformers, political philosophers, and social scientists.

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

Download or read book The Columbia written by United States. Water Resources Policy Commission and published by . This book was released on 1951 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Certified Public Accountants written by United States. Congress. House. The District of Columbia and published by . This book was released on 1966 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Board of Accountancy for the Distrcit of Columbia written by United States. Congress. Senate. District of Columbia and published by . This book was released on 1922 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book American Accountant written by and published by . This book was released on 1928 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Certified Public Accountant written by and published by . This book was released on 1925 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Columbia River Basin written by United States. Congress. Senate. Interior and Insular Affairs and published by . This book was released on 1950 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Annual Report Interstate Commerce Commission written by United States. Interstate Commerce Commission and published by . This book was released on 1916 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: With appendices, which include also "Annual report on the statistics of railways..." and "Preliminary report on the income account of railways."

Download or read book Certified Public Accountants written by United States. Congress. House. Committee on the District of Columbia. Subcommittee No. 2 and published by . This book was released on 1966 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Annual Report written by United States. Interstate Commerce Commission and published by . This book was released on 1921 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: With appendices.

Download or read book The Accountant written by and published by . This book was released on 1926 with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Catalogue of Title entries of Books and Other Articles Entered in the Office of the Librarian of Congress at Washington Under the Copyright Law Wherein the Copyright Has Been Completed by the Deposit of Two Copies in the Office written by Library of Congress. Copyright Office and published by . This book was released on 1977 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Accountants Index written by American Institute of Certified Public Accountants and published by . This book was released on 1924 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: