theIBclub

The purpose of ‘Investment Banking: The Dream Begins’ is to give you an overview of the critical skills, issues, and methods involved in business valuation.

Companies often report two types of financial statements when they have majority stake (more than 50%) in other companies. E.g. when Company A has 60% stake in Company B, Company A will report both standalone and consolidated financial statements.

IFRS vs GAAP (Balance Sheet, Cash Flows Statement and Income Statement)

Contents of the 3rd edition of the Book - 'Investment Banking: The Dream Begins'

Why company filings have two types of Financial Statements – Standalone and Consolidated?

PEG multiple is widely used for comparing companies with different growth rates; say comparing the companies in early growth stage with matured companies.

‘Investment Banking: The Dream Begins’ is the answer to the question - " Can you recommend us a good book on investment banking, written in a jargon-free and reader friendly language??"

This book - 'Investment Banking: The First Step' - helped me to win IPO Valuation Contest held at IIM Indore in July 2012. - Jashanjot Singh Sekhon (IIM Indore) www.theIbclub.com

Debt & Cash are two important components of Enterprise Value. EV represents the effective cost to buy a company. Hence includes value of all capital providers - Equity & Debt.

What is Investment Banking? Is it Investing? Is it Banking? Is it financial investment in the banking sector? It is neither of these. IB is the business of raising capital for companies and advising them on financing and merger alternatives.