Accounting for Value (Columbia Business School Publishing)
Penman's book...contains gems on every page -- to the point that no one who deals with the market in any capacity should pass by this text until they have committed to memory as many points therein as their limited, mark one, human brains, can hold.(Anthony HarringtonQFinance Blog)I highly recommend the essential and fundamentals oriented bookAccounting for Valueby Stephen Penman, to anyone who is serious about investing in sound, fundamental stocks. This book will benefit the beginning or experienced investor, accountants, and anyone interested in the coupling of accounting with equity valuation.(Blog Business World)For a practical book that will help you understand the use of accounting in understanding stock valuation,Accounting for Valueis the resource you are looking for you.(Stocker Blog)