经济学财务报表与证券定价佩因曼英文.pptx

经济学财务报表与证券定价佩因曼英文.pptx

Chapter4CashAccounting,AccrualAccounting,andDiscountedCashFlowValuation

WhatyouwilllearnfromthisChapterHowthedividenddiscountmodelworks(ordoesnotwork)WhatismeantbycashflowfromoperationsWhatismeantbycashusedininvestingactivitiesWhatismeantbyfreecashflowHowdiscountedcashflowvaluationworksProblemsthatariseinapplyingcashflowvaluationWhyfreecashflowmaynotmeasurevalueaddedinoperationsWhyfreecashflowisaliquidationconceptHowdiscountedcashflowvaluationinvolvescashaccountingforoperatingactivitiesWhy“cashflowfromopera

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