Predictive Analysis Software for Modeling The Altman Z-Score Financial Distress Status of Companies

Ilie Răscolean (), Remus Dobra and Gabriela Corina Slusariuc ()
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Ilie Răscolean: University of Petroşani, Romania
Remus Dobra: University of Petroşani, Romania
Gabriela Corina Slusariuc: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 3, 231-240

Abstract: Literature shows some bankruptcy methods for determining the financial distress status of companies and based on this information we chosen Altman statistical model because it has been used a lot in the past and like that it has become a benchmark for other methods. Based on this financial analysis flowchart, programming software was developed that allows the calculation and determination of the bankruptcy probability for a certain rate of failure Z-score, corresponding to a given interval that is equal to the ratio of the number of bankrupt companies and the total number of companies (bankrupt and healthy) interval.

Keywords: scoring method; bankruptcy risk; predictive flowchart; LabView software (search for similar items in EconPapers)
JEL-codes: D50 G32 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:12:y:2012:i:3:p:231-240

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