TY - BOOK AU - Penman, Stephen H. TI - Accounting for value SN - 9780231151184 U1 - 332.63221 PY - 2011/// CY - New York PB - Columbia business school KW - Investment analysis KW - Pricing growth KW - Adding value to accounting KW - Accounting -- Financial N1 - Including bibliographical notes and index N2 - Despite their skills and extensive training, many analysts fail to recognize the basics of good accounting and its deployment in valuation. By focusing on abstract concepts such as measurement basis, exit values, and entity concepts, they miss out on the benfits of a practical approach to valuation. While modern finance has advanced important concepts, including diversification and risk measurement, effective and efficient accounting merges these tools with fundamental analysis to divine a true account of value. Launching an innovative examination of equity valuation as a matter ER -