James Morris - Böcker

This book offers everything investment professionals need to know about accounting - in a practical desk reference format. In today's world of constantly changing accounting rules, models, and practices, investment professionals need an authoritative, all-in-one, fast-access reference for the latest knowledge and information. "Accounting for M&A, Equity, and Credit Analysts" provides comprehensive and easy-to-understand answers to the everyday accounting questions that come up time and again in the investing arena. Noted M&A accounting authority James E. Morris has spent years dispensing accounting advice on Wall Street, and he knows which questions consistently baffle even the most experienced investment pros.He answers those questions and hundreds more as he provides clear and concise explanations of areas including: subtle, less understood aspects of common accounting areas and procedures; purchase accounting for business combinations - essential not only for M&A analysts but for credit and equity analysts as well; and, accounting for employee stock options, and its effect on both earnings and cash flow.Today's investment accounting landscape is undergoing tumultuous and unprecedented change. Professionals who fail to keep up with that change risk being left behind. "Accounting for M&A, Equity, and Credit Analysts" updates you on virtually every important facet of investment accounting, and provides the handy reference you need to instantly know what the numbers are really saying to you--and, just as important, what they are not.'This is not, by any means, another financial accounting textbook. Instead, I intend it as a sort of spotlight, illuminating what I have found in my investment experience to be the 'black holes' of accounting. It is merely the collected answers to the questions that analysts (associates, vice presidents, managing directors and clients as well) have asked me during the time I spent giving accounting advice on Wall Street' - From the Preface. Investment professionals too often regard the acquisition of accounting knowledge as a necessary evil - and, therefore, too often know less than they should.This lack of knowledge often leads to simple misunderstandings or even out and out errors that, at best, serve as minor speed bumps in a high-stakes transaction and, at worst, lead to the delay or even derailing of the deals in question."Accounting for M&A, Equity, and Credit Analysts" helps investment professionals as well as undergraduate and graduate students of and investment banking ensure that they will always be able to quickly and confidently get their hands on the right answers to virtually every accounting question. Providing easy-access accounting information without needless detail and CPA doublespeak, this invaluable reference distinguishes itself from other texts of its type in four major areas as it: bypasses common-knowledge accounting basics to concentrate only on information vital to investment analysts; takes an investment banking perspective as opposed to one solely focused on Generally Accepted Accounting Principles (GAAP) and reporting; integrates financial modelling and spreadsheet approaches that are essential to forecasting and analysis; and, provides in-depth coverage of items in enterprise valuation and business combination transactions.In the investment profession, few factors are as valuable or overlooked as solid knowledge in accounting.Unfortunately, when professionals seek to increase their accounting expertise, they are too often faced with either cartoonish workbooks or incomprehensible, 600-page textbooks. "Accounting for M&A, Equity, and Credit Analysts" provides investment professionals, analysts, and bankers with only the information they need to understand how accounting impacts their everyday environment. The first investment accounting desk reference to bridge the gap between what is taught in business school and what is actually needed in the real world, it allows investment pros to focus on and truly understand the vital accounting details they encounter every day - and helps them ensure that minor accounting misunderstandings or mistakes won't mushroom into major deal-killers.

The Wallachian revolution of 1848 was exactly the kind of event that European statesmen feared in the decades after the Congress of Vienna of 1815. Unlike most of the mid-century revolutions, which began as spontaneous manifestations of popular grievances, the Wallachian one was planned by a small coterie of young men who saw an opportunity to effect change in the wake of what was known as the ‘Springtime of Peoples’. Instead of street fighting and violence, their movement began peacefully with the reading of a revolutionary proclamation in a small village called Islaz near the confluence of the Olt River and the Danube on 21 June. From there it spread to Bucharest, where gathered crowds led the reigning Prince Bibescu, perhaps spooked by an earlier attempt on his life, to accept the revolutionary programme without modification and then swiftly abdicate and flee the principality, leaving the revolution’s leaders to take power and begin their three-month experiment in government. Few of these men had held state office before. Far from experienced statesmen, they were mostly newspaper editors, military officers, and perpetual students. Together they would learn statecraft in office while promoting the development of an urban revolutionary culture and educating the principality’s peasantry in revolutionary politics through a vigorous rural propaganda campaign. By these means, they endeavoured to revolutionise Wallachia.This is the first book-length account of the Wallachian Revolution of 1848 available in English. Rather than treating events in the principality alongside those in neighbouring Moldavia and Transylvania as part of a story about the eventual establishment of a Romanian national state, it considers the revolution in Wallachian, European, and trans-imperial terms. Nestled between the Ottoman and Russian empires and subject to the suzerainty of one and the protection of the other, Wallachia's geopolitical position was unusual, which meant that the principality's revolution would be, too. Rather than seizing control of the state, as revolutionaries could do in France, or struggling with a single imperial overlord, as the revolutionaries of the Habsburg empire did, the leaders of the Wallachian movement would have to negotiate with competing and overlapping centres of authority. Their revolution more than any other in 1848 was a geopolitical event.By considering events in a small and comparatively unknown principality, this book offers new insights into the mid-century revolutionary moment as well as the broader history of nineteenth-century European empires. It takes readers out into the fields to show that the oft-neglected peasants of Eastern Europe could be willing and active participants in the revolutionary world. Wallachia emerges as a testing ground for new forms of popular politics encompassing both the urban crowd and the village community, and a space in which the relationship between imperial centres and peripheries could be reconsidered in both revolutionary and counterrevolutionary fashions.