The Use of Statistical Process Control Tools for Analysing Financial Statements
16 giu 2017
INFORMAZIONI SU QUESTO ARTICOLO
Pubblicato online: 16 giu 2017
Pagine: 129 - 137
Ricevuto: 04 gen 2017
Accettato: 04 gen 2017
DOI: https://doi.org/10.1515/foli-2017-0010
Parole chiave
© University of Szczecin
This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International Public License.
This article presents the proposed application of one type of the modified Shewhart control charts in the monitoring of changes in the aggregated level of financial ratios. The control chart x̅ has been used as a basis of analysis. The examined variable from the sample in the mentioned chart is the arithmetic mean. The author proposes to substitute it with a synthetic measure that is determined and based on the selected ratios. As the ratios mentioned above, are expressed in different units and characters, the author applies standardisation. The results of selected comparative analyses have been presented for both bankrupts and non-bankrupts. They indicate the possibility of using control charts as an auxiliary tool in financial analyses.