The End of accounting and the path forward for investors and managers

Author

• Lev, Baruch

Additional Author(s)

• Gu, Feng

Publisher

Hoboken, New Jersey: John Wiley & Sons, Inc , 2016

Language

English

ISBN

9781119191094

Series

Wiley finance series

Subject(s)

• FINANCE
• FINANCIAL STATEMENTS
• INVESTMENTS-DECISION MAKING

Notes

. Includes bibliographical references. Includes index (p. 243-260)

Abstract

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 assetabilities 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.

Physical Dimension

Number of Page(s)

xxv, 260 pages

Dimension

24 cm.

Other Desc.

ill.

Summary / Review / Table of Content

Corporate reporting then and now : a century of "progress" --
And you thought earnings are the bottom line --
The widening chasm between financial information and stock prices --
Worse than at first sight --
Investors' fault or accounting's? --
Finally, for the still unconvinced --
The meaning of it all --
The rise of intangibles and fall of accounting --
Accounting : facts or fiction? --
Sins of omission and commission --
What really matters to investors (and managers) --
Strategic resources & consequences report: Case no. I--Media and entertainment --
Strategic resources & consequences report: Case no. 2--Property and casualty insurance --
Strategic resources & consequences report: Case no. 3--Pharmaceutics and biotech --
Strategic resources & consequences report: Case no. 4--Oil and gas companies --
Implementation --
So, what to do with accounting? A reform agenda --
Investors' operating instructions.

Exemplar(s)

#	Accession No.	Call Number	Location	Status
1.	03629/16	332.632042 Lev E	Library - 7th Floor	Available