Accounting Models For Equity Valuation

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American Society of Appraisers Business Valuation Review™
Winter 2006 Volume 25, Issue 4 pp. 138-148
Punit Anand


The valuation of equity is an active area of research. Though financial models for the valuation of equity exist, a pragmatic application of these financial theories necessitates the use of pro forma accounting. This suggests that perhaps financial models must incorporate a knowledge of accrual accounting practices. Accounting models of valuation incorporate accrual accounting. This paper, therefore, deals with important accounting-based valuation constructs and models.
Accounting Models For Equity Valuation
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