Ciaran Walsh is Senior Specialist Finance at the Irish Management Institute, Dublin. He is trained both as an economist and an accountant and had 15 years industry experience before joining the academic world. His work with senior managers over many years has enabled him to develop his own unique approach to training corporate finance. As a consequence, he has lectured in most European countries, and the Middle East. His main research interest is to identify and computerize the links that tie corporate growth and capital structure into stock market valuation.

Select Guide Rating

• AcknowledgementsForewordKey for symbolsPART I FOUNDATIONS1 Background2 Financial statements3 Balance sheet terms4 Profit and loss accountPART II OPERATING PERFORMANCE5 Measures of performance6 Operating performance7 Performance driversPART III CORPORATE LIQUIDITY8 Cash flow cycle9 Liquidity10 Financial strength11Cash flowPART IV DETERMINANTS OF CORPORATE VALUE12 Corporate valuation13 Financial leverage and corporate valuation14 GrowthPART V MANAGEMENT DECISION-MAKING15 Cost, volume and price relationships16 Investment ratios17 Shareholder value added (SVA)18 Acquisition analysis19 Integrity of account statementsAppendix 1: Special itemsAppendix 2: Companies used in the sampleAppendix 3: Full set of ratio charts from sample companiesAppendix 4: Discounting and compounding tablesGlossaryIndex

Ciaran Walsh is Senior Specialist Finance at the Irish Management Institute, Dublin. He is trained both as an economist and an accountant and had 15 years industry experience before joining the academic world. His work with senior managers over many years has enabled him to develop his own unique approach to training corporate finance. As a consequence, he has lectured in most European countries, and the Middle East. His main research interest is to identify and computerize the links that tie corporate growth and capital structure into stock market valuation.

Select Guide Rating

• AcknowledgementsForewordKey for symbolsPART I FOUNDATIONS1 Background2 Financial statements3 Balance sheet terms4 Profit and loss accountPART II OPERATING PERFORMANCE5 Measures of performance6 Operating performance7 Performance driversPART III CORPORATE LIQUIDITY8 Cash flow cycle9 Liquidity10 Financial strength11Cash flowPART IV DETERMINANTS OF CORPORATE VALUE12 Corporate valuation13 Financial leverage and corporate valuation14 GrowthPART V MANAGEMENT DECISION-MAKING15 Cost, volume and price relationships16 Investment ratios17 Shareholder value added (SVA)18 Acquisition analysis19 Integrity of account statementsAppendix 1: Special itemsAppendix 2: Companies used in the sampleAppendix 3: Full set of ratio charts from sample companiesAppendix 4: Discounting and compounding tablesGlossaryIndex