July 2009
Intermediate to advanced
600 pages
19h 50m
English
book
The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition
by Aswath Damodaran
Content preview from The Dark Side of Valuation: Valuing Young, Distressed, and Complex Businesses, Second Edition
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The Light Side of Valuation
To value firms with intangible assets, we have to deal with the two big problems that they share. First, we have to clean up the financial statements and recategorize operating and capital expenses. The intent is not just to get a better measure of earnings, although that is a side benefit, but to get a clearer sense of what the firm is investing to generate future growth. Second, we need to deal more effectively with equity options—the ones that were granted in the past, as well as the ones we expect to be granted in the future.
Regaining Accounting Consistency
A significant shortcoming of accounting statements is how they treat investments made in intangible assests in general, and R&D expenses in particular. Under ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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