The text book Business Analysis & Valuation: Using Financial Statements, Text & Cases is a unique accounting text book Harnischfeger Corporation Case Study Analysis Example for its focus areas and structure. Unlike most classic accounting text books, this text book’s focus is not to get the students to master the accounting process and cycle but on using the financial statements to arrive at a valuation of the business or company. This text book also incorporates into each chapter a Harvard Business School case study to give students a real life application of the concepts being learnt every chapter. We at GraduateTutor.com are happy to announce that we do provide tutoring for The Business Analysis & Valuation: Using Financial Statements, Text & Cases text book by Krishna G. Palepu and Paul Healy
The Business Analysis & Valuation: Using Financial Statements, Text & Cases text book has won the American Accounting Association’s Wildman Award for its impact on management practice, as well as the Notable Contribution to Good Transition Words In Essays Do You Italize Accounting Literature Award for its impact on academic research. This text book has been translated into Chinese, Japanese, and Spanish and is used in these countries too.
This Business Analysis & Valuation: Using Parliament Britannique Dissertation Sample Statements, Text & Cases text book by Krishna G. Palepu and Paul Healy also comes with an online financial statement analysis and valuation tool from BAV Software. Accounting and its applications are portrayed from the perspective corporate finance managers, investors, Harnischfeger Corporation Case Study Analysis Example analysts, investment bankers and consultants. The framework adopted by the Business Analysis & Valuation: Using Financial Statements, Text & Cases text book is comprised of four segments:
- Strategy analysis;
- Adjusted accounting measures of performance;
- Financial analysis, ratio analysis and cash flow analysis; and
- Prospective analysis.
Business Analysis & Valuation: Using Financial Statements text book has case studies that apply the concepts being taught to different contexts including mergers and acquisitions, credit analysis communication, securities analysis, corporate finance and governance. In addition to case studies in each chapter, additional case studies are provided at the end of the text book for more practice. The text book is organized into four sections:
- Business Analysis and Valuation Tools
- Business Analysis and Valuation Applications
- Additional Case studies
While the book is unique in many ways, we have notes some issues reported by students. While this book does start with some basic accounting, it Essay On Student Behavior not develop a good accounting foundation before going deeper and does not explain basic formulas in depth. Some have complained that this book does not cover issues in sufficient depth.
The Chapters Covered in this book include:
- A Framework for Business Analysis and Valuation Using Financial Statements
- Strategy Analysis
- Overview of Accounting Template Of A Cv Cover Letter Accounting Analysis
- Financial Analysis
- Prospective Analysis: Forecasting
- Prospective Analysis: Valuation Theory and Concepts
- Prospective Analysis: Valuation Implementation
- Equity Security Analysis
- Credit Analysis and Distress Prediction
- Mergers and Acquisitions.
- Communication and Governance
Case studies covered in the Business Analysis & Valuation: Using Financial Statements, Text & Cases text book include:
- New Century Financial
- Visio, Inc
- The Fall of Enron
- Accounting for the iPhone at Apple, Inc
- United Parcel Service’s IPS
- Krispy Kreme Doughnuts
- Valuation Ratios in the Restaurant Industry
- Home Depot, Inc., in the New Millennium
- Oddo Securities: ESG Integration
- Liz Claiborne
- Eddie Bauer (A)
- Target Corporation: Ackman versus the Board
- The Role of Capital Market Intermediaries in the Dot-Com Crash of 2000
- Harnischfeger Corporation
- Revenue Recognition Problems in the Communications Equipment Industry Amazon.com Eucalyptus Murray Bail Essay the Year Harnischfeger Corporation Case Study Analysis Example and Square D
- Financial Reporting Problems at Molex, Inc. Harnischfeger Corporation Case Study Analysis Example Online, Inc
- Boston Chicken, Inc
- Hewlett-Packard-Compaq: The Merger Decision
- The Home Depot, Inc
- Pre-Paid Legal Services, Inc
- Subprime Crisis and Fair Value Accounting
- Leasing Decision at Magnet Beauty Products, Inc
- The Risk Reward Framework Harnischfeger Corporation Case Study Analysis Example Morgan Stanley Research
- Sidoti & Company: Launching a Micro-Cap Product
- Corruption at Siemens (A)
Professor Krishna G. Palepu is the Ross Graham Walker Professor of Business Administration at the faculty of the Harvard Business School which he joined in 1983.and he is currently the Ross Graham Walker Professor of Business Administration. Professor Palepu has a Masters Harnischfeger Corporation Case Study Analysis Example in physics from Andhra University, an MBA from the Harnischfeger Corporation Case Study Analysis Example Institute of Management Calcutta, a PhD from MIT and an honorary doctorate from the Helsinki Harnischfeger Corporation Case Study Analysis Example of Economics and Business Administration.
Professor Palepu’s current research and teaching activities focus on strategy and governance. Professor Palepu has published numerous academic and practitioner-oriented articles and case studies on these issues. Professor Palepu was on a board of directors and Harnischfeger Corporation Case Study Analysis Example probably has had the best view of corporate governance issues at the large Indian software giant that fell down in a crash greater than that of Goliath!
Professor Paul Healy is the James R. Williston Professor and Senior Associate Dean for Research at the Harvard Business School. He joined the HBS faculty in 1998, after fourteen years on the faculty at the M.I.T. Sloan School of Management, where he received awards for teaching excellence in 1991, 1992, and 1997. He received accounting and finance degrees from Victoria University in New Zealand in 1976 and 1977 and a Ph.D. from the Three Essays On Religion Summary Plan of Rochester in 1981. His research covers a broad range of topics, including financial analysis, Wall Street research, corruption, governance, mergers and acquisitions, and business ethics. He has published widely in the leading academic and practitioner journals, has received numerous research rewards, and is the co-author of one of the leading financial analysis textbooks. He has taught MBA and executive courses on accounting, financial analysis, corporate boards, and ethical leadership.
Courses Harnischfeger Corporation Case Study Analysis Example by Professor Healy include Leadership and Corporate Accountability, Financial Reporting and Control, Strategic Financial Analysis and Leadership in Financial Organizations.
Email firstname.lastname@example.org or call us or simply fill up the sign-up form below to start live one-on-one accounting tutoring Harnischfeger Corporation Case Study Analysis Example text book ‘Business Analysis & Valuation: Using Financial Statements, Text & Cases‘ by Krishna G. Palepu and Paul Healy
1. Identify all the accounting policy changes and accounting estimates that Harnischfeger made during 1984. Estimate, as accurate as possible, the effect of these on the company’s 1984 reported profits.
Accounting policy changes made on core business activities:
• Harnischfeger included net sales figure from Kobe Steel Ltd. Previously, only net gross margin generated from transactions with Kobe Steel Ltd was included.
This change resulted in a net sales figure increase of $28 million.
• Harnischfeger incorporated certain foreign subsidiaries’ financial statements with fiscal year ending 31st July.
The adjustment resulted in a net sales figure increase of $5.4 million for the year ended on 31st Oct.
• Harnischfeger liquidated its inventory under LIFO method for 1984 fiscal year.
The liquidation resulted in an increase in net income by $2.4 million.
• Harnischfeger had a discretionary change of its estimate on Allowance for Doubtful Debts. The ratio for doubtful debt provision has changed from 9.12% to 6.30% from 1983 to 1984.
If the rate from 1983 had been applied, the company would have reported an extra amount of $2.63 million doubtful debts.
Accounting changes made on non-core business activities:
• Harnischfeger adopted straight-line method for financial reporting purposes and abandoned previously used accelerated method for its US operating plants. As result of the change in depreciation policy, they reviewed on depreciation lives on certain PPE in US.
This change resulted in an increase of net income by $11.0 million attributed to the change of depreciation method and $3.2 million resulted from the change on depreciation lives. The increase in total represented 93.5% of the net income.
• Harnischfeger implemented some changed on its pension policy.
The adjustment resulted in a gain in net income by $3.93 million for fiscal year 1984, which represented 25.9% of the net income.
2. What do you think are the motives of Harnischfeger’s management in making the changes in its financial reporting policies? Do you think investors will see through these changes?
The motives of Harnischfeger’s management in changing its financial reporting policies are:
1. Meet the earnings expectation from the analysts to enhance confidence from its investors as well as from its customers, suppliers and employees. This also helps the firm to regain its business reputation and strengthen its public image.