THE MANIPULATION INDEX: PROBLEMS OF APLICTABILITY TO THE FINANCIAL STATEMENTS OF RUSSIAN CONPANIES
Abstract
Beneish manipulation index (M-score) allows with a sufficient degree of reliability to identify the companies who deliberately misrepresented its financial performance in order to make a financial statement more attractive for external users. The parameters of the manipulation index have been developed and investigated on the basis of financial data of companies operating in the jurisdiction of the United States. The applicability of this index as the analytical tool for the analysis of financial statements prepared in accordance with Russian accounting standards remains questionable. As the object of the study was chosen the financial statements of Russian companies have committed defaults on its bonds. The test sample was analyzed with a help of Beneish’s approach to detect earnings manipulation.
About the Author
M. A. Alekseev
Novosibirsk State University of Economics and Management
Russian Federation
Russian Federation
PhD in Economics, Head of the Department of Finance, Novosibirsk State University of Economics and Management, Novosibirsk, Russia
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Review
For citations:
Alekseev M.A. THE MANIPULATION INDEX: PROBLEMS OF APLICTABILITY TO THE FINANCIAL STATEMENTS OF RUSSIAN CONPANIES. Vestnik NSUEM. 2016;(1):92-102. (In Russ.)
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