Part I. Framework 1. A framework for business analysis and valuation using financial statements Part II. Business analysis and valuation tools 2. Strategy analysis 3. Accounting analysis: The basics 4. Accounting analysis: Accounting adjustments 5. Financial analysis 6. Prospective analysis: Forecasting 7. Prospective analysis: Valuation theory and concepts 8. Prospective analysis: Valuation implementation Part III. Business analysis and valuation applications 9. Equity security analysis 10. Credit analysis and distress prediction 11. Mergers and acquisitions Part IV. Additional cases Across landscapes and lifetimes, a granddaughter retraces her beloved grandfather's tour through World War II Europe. Alicia DeFonzo discovers how deeply connected the past is to the present and that the truth, and what we remember as truth, are often fragmented. Now in its sixth edition, Business Analysis and Valuation: IFRS Standards edition has successfully taught students how to interpret IFRS-based financial statements for more than twenty years. With the help of international cases, the authors illustrate the use of financial data in various valuation tasks and motivate students to build a thorough understanding of theoretical approaches and their practical application.