Analysis of Corporate Bankruptcy and Financial Statement Fraud Prediction using Altman Models and Beneish Models

Cut Annisa Selanda, Afriyanti Hasanah

2020

Abstract

The purpose of this study was to analyze the prediction of financial statement fraud and bankruptcy of companies using the Altman model and the Beneish model. This research is a descriptive analysis research with a quantitative approach using secondary data from the company’s financial statements. The population in this study are property and real estate companies listed on the Indonesia Stock Exchange (BEI) in the period 2014-2018 with a sample of 24 companies. The result showed that there is a relationship between financial statement fraud and company bankruptcy conditions where there are financial statements that are predicted to go bankrupt before manipulated, there are financial statements that are manipulated before bankrupt, and there are financial statements that are simultaneously predicted to go bankrupt and manipulated. Based on the analysis, the researcher argued that stakeholders would be better protected when the Altman model and Beneish model are used simultaneously. Further research is recommended to use another bankruptcy prediction tool and financial statement fraud prediction tool.

Paper Citation

in Harvard Style

Selanda C. and Hasanah A. (2020). Analysis of Corporate Bankruptcy and Financial Statement Fraud Prediction using Altman Models and Beneish Models. In Proceedings of the 2nd International Conference on Applied Economics and Social Science - Volume 1: ICAESS, ISBN 978-989-758-517-3, pages 154-164. DOI: 10.5220/0010354501540164

in Bibtex Style

@conference{icaess20,
author={Cut Annisa Selanda and Afriyanti Hasanah},
title={Analysis of Corporate Bankruptcy and Financial Statement Fraud Prediction using Altman Models and Beneish Models},
booktitle={Proceedings of the 2nd International Conference on Applied Economics and Social Science - Volume 1: ICAESS,},
year={2020},
pages={154-164},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010354501540164},
isbn={978-989-758-517-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Applied Economics and Social Science - Volume 1: ICAESS,
TI - Analysis of Corporate Bankruptcy and Financial Statement Fraud Prediction using Altman Models and Beneish Models
SN - 978-989-758-517-3
AU - Selanda C.
AU - Hasanah A.
PY - 2020
SP - 154
EP - 164
DO - 10.5220/0010354501540164