Auditing: A Journal of Practice & Theory Vol. 30‚ No. 2 May 2011 pp. 19–50 American Accounting Association DOI: 10.2308/ajpt-50009 Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms Johan Perols SUMMARY: This study compares the performance of six popular statistical and machine learning models in detecting financial statement fraud under different assumptions of misclassification costs and ratios of fraud firms to nonfraud firms. The results show‚ somewhat
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21 June 2005 and is listed both in Dhaka and Chittagong Stock Exchanges of Bangladesh. 1.1 Origin of The Study: This report has been prepared as a part of the internship program which is an integral part of the BBA program under the Dept. of Accounting & Information Systems in the Faculty of Business Studies‚ University of Dhaka. The organization attachment was started on 2nd March‚ 2008 and ended on 1st June‚ 2008. This report on “Financial Statements Analysis of Berger Paints Bangladesh
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Inferring an organization’s performance from financial statements only; becomes difficult. Hence‚ financial ratios are used to evaluate profitability‚ liquidity‚ solvency and capital market strength. Here‚ the group has done a financial analysis of Britannia Industries Limited‚ 2011-12. PROFITABILITY RATIOS: Profitability ratios measure the degree of operating success of a company. The only reason why investors are interested in a company is that
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Introduction The following report is an analysis of the consolidated accounts for Hallenstein Glasson Holdings Ltd (HLG) based on the 2013 financial statements and the ratio analysis is based on the group account figures. The terms of this report is to firstly‚ determine the strengths‚ weaknesses and prospects of HLG and secondly‚ to determine if the shares are favourably priced? Business Summary Hallenstein Glasson Holdings Limited is a holding company. The Company‚ through its subsidiaries‚
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The Consolidated Statements of Earnings or the income statement tells financial statement users that there was a decrease in gross profit and net sales for the fiscal year 2008. The Consolidated Statements of Earnings show that the closing of underperforming stores‚ removal of new store openings from the pipeline‚ and staff reductions in many Home Depot projects resulted in $951 million in pretax charges. The difference profit and net sales is also a cause of fiscal year 2008 being 52 weeks and
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Financial Ratio Analysis -As changes in a company’s several accounts change‚ it is hard to just casually inspect statement of earnings and balance sheets. Many items fluctuate simultaneously‚ making the reasons for the fluctuations hard to determine. -Financial Ratio Analysis is a useful management tool developed to assist in indentifying‚ interpreting and evaluating changes in the financial performance and condition of a business over a period of time. Its purpose is to provide information about
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Policy Analysis: Public Health Service Act Courtney Barker‚ April Carter‚ Keith Washburn Ohio University – Chillicothe Fall 2013 “Before Ronald Regan came to power‚ federal policy emphasized treatment and public education‚ assuming that these strategies would diminish demand” (Karger & Stoesz‚ 2013‚ p. 306). Substance addiction has been a growing problem ever since the late 1800’s when the addiction of cocaine‚ opium and heroin started. “Chinese
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Coca-Cola & Pepsi Financial Statement Analysis Team A Frances Sanchez‚ Herbie Merced‚ and Javier Urbina ACC 400 Accounting for Decision Making August 22‚ 2013 Introduction • Comparison of Coca-Cola and Pepsi • Financials from 2004 • Review financial ratios ▫ Liquidity ▫ Solvency ▫ Profitability • Discuss profitability of each company • Which company is the best investment opportunity Coca-Cola & Pepsi Ratios Comparison Liquidity Ratios Current Ratio (Current Assets/Current
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Financial Statement Companies use several tools such as a balance sheet to make sound business decisions. A balance sheet is a quantitative summary of a company ’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns‚ and the second part shows all the financing methods (such as liabilities and shareholders ’ equity) Also‚ called statement of condition.
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Conclusion This Project has been very useful to me because I learned how to prepare cash flow statements and ratio analysis. This has improved my knowledge on financial statements which is very useful in business and commerce ever day. The work I did in this project has helped me to understand the techniques‚ applications and usefulness of financial statements to understand the performance of a particular company or enterprise without much difficulty and also understand how to prepare them in future
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