Glossary

The models behind VEDA's forensic scores, in one line each.

Altman Z Score

A quantitative model to predict the probability that a company will enter bankruptcy within a two-year timeframe.

Altman Z Score (EM)

Altman Z score adapted to Emerging Markets such as India.

Beneish M Score

A mathematical model to detect whether a company has manipulated its reported earnings.

Piotroski F Score

A quantitative model to assess a company's financial strength by examining profitability, leverage, liquidity, and efficiency.

Dechow F Score

A statistical model to detect material accounting misstatements and financial statement fraud.

Montier C-Score

A six point checklist created to detect whether a company is manipulating its earnings or “cooking the books”.