Introduction to investing and valuation -- Introduction to the financial statements -- How financial statements are used in valuation -- Cash accounting, accrual accounting, and discounted cash flow valuation -- How financial statements are used in valuation -- Accrual accounting and valuation: pricing book values -- Accrual accounting and valuation: pricing earnings -- Viewing the business through the financial statement -- The analysis of the statement of shareholders' equity -- The analysis of the balance sheet and income statement -- The analysis of the cash flow statement -- The analysis of profitability -- The analysis of growth and sustainable earnings -- The value of operations and the evaluation of enterprise price-to-book rations and price-earnings ratios -- Anchoring on the financial statements: simple forecasting and simple valuation -- Full-information forecasting, valuations, and business strategy analysis -- Creating accounting value and economic value -- Analysis of the quality of financial statements -- The analysis of equity risk and return -- The analysis of the quality of financial statements -- The analysis of equity risk and return -- The analysis of credit risk and return -- A summary of formulas

1. Financial statements