Coursework requirement
Read the following statement and answer the question:
“Valuing a potential target company is a key stage in the takeover process.”
(Watson and Head, 2016*)
Critically discuss how the use of creative accounting practices can
affect asset-based, multiple earnings and discounted cash flow
valuation techniques?
* Watson, D. and Head, A. (2016), Corporate Finance Principles and Practice,
Pearson, 7th edition.