Financial Institutions: what are they really worth? This complete self-study work book provides anyone involved in the valuation of a commercial bank for acquisitions or credit analysis with the essential tools and applications under the International Accounting Standards, International Financial Reporting Standards and within the Basel II environment. This is a hands-on tutorial designed to unravel the complexities of valuation, and leads you through the application of specific models. The workbook is replete with real-life examples, case studies, exercises and self-test questions. Discrete modules will give you the fundamentals and the applications affecting: bank valuation; disclosure; book to market value; valuation models; cash-flow valuation; GAP value drivers; equity valuations; enhancing valuation with credit derivatives; capital adequacy issues. By the end, you will understand not only how bank mergers add value, how to choose your target, the standards applicable to the preparation of financial statements by banks, understand all of the relevant mathematical formulae, the controversies in bank valuation, and bring you up to date with the compatibility of regulatory capital and increasing shareholder value. Includes complete self-test exercises, answers and full glossary of terms.