Interpreting and Forecasting Accounts Using International Financial Reporting Standards

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/71a7b2/company_valuation)
has announced the addition of the "Company valuation under IFRS, 2nd
edition" report to their offering.

International Financial Reporting Standards (IFRS) are now
mandatory in many parts of the world, including Europe, Australia and
China. In addition, many countries are in the process of IFRS
adoption. Lastly, foreign registrants in US companies no longer have
to undertake a costly US-IFRS reconciliation. Therefore, it is clear
that investors, analysts and valuers need to understand financial
statements produced under IFRS to feed in to their valuations and
broader investment decisions.

Written by practitioners for practitioners, the book addresses
valuation from the viewpoint of the analyst, the investor and the
corporate acquirer. It starts with valuation theory: what is to be
discounted and at what discount rate? It explains the connection
between standard methodologies based on free cash flow and on return
on capital. And it emphasizes that, whichever method is used, accurate
interpretation of accounting information is critical to the production
of sensible valuations. The authors argue that forecasts of cash flows
imply views on profits and balance sheets, and that non-cash items
contain useful information about future cash flows - so profits
matter.

The book then addresses the implications for analysis and
valuation of key aspects of IFRS including:

-- Pensions

-- Stock options

-- Derivatives

-- Provisions

-- Leases

The text also sets out which countries use GAAP, as well as the
key differences between IFRS and US GAAP treatments of these issues,
in addition to their implications for analysis.

A detailed case study is used to provide a step-by-step valuation
of an industrial company using both free cash flow and economic profit
methodologies. The authors then address a range of common valuation
problems, including cyclical or immature companies, as well as the
specialist accounting and modelling knowledge required for regulated
utilities, resource extraction companies, banks, insurance and real
estate companies. Accounting for mergers and disposals is first
explained and then illustrated with a detailed potential acquisition
using real companies.

Key Topics Covered:

-- It's not just cash; accounts matter

-- WACC - Forty years on

-- What do we mean by 'return'?

-- Key issues in accounting and their treatment under IFRS

-- Valuing a company

-- The awkward squad

-- An introduction to consolidation

-- Conclusions and continuations

For more information visit
http://www.researchandmarkets.com/research/71a7b2/company_valuation

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
Fax (USA): 646-607-1907
Fax (International): +353-1-481-1716

Copyright Business Wire 2008