| Issue |
E3S Web of Conf.
Volume 388, 2023
The 4th International Conference of Biospheric Harmony Advanced Research (ICOBAR 2022)
|
|
|---|---|---|
| Article Number | 01015 | |
| Number of page(s) | 7 | |
| Section | Sustainable Infrastucture, Industry, Architecture, and Food Technology | |
| DOI | https://doi.org/10.1051/e3sconf/202338801015 | |
| Published online | 17 May 2023 | |
The Effects of Beneish’s M-Score Model and Financial Ratio Analyis on Fraudulent Financial Statement Indications
Accounting Departement, School of Accounting, Bina Nusantara University, Jakarta, Indonesia, 11480
* Corresponding author: avielkezia@gmail.com
† Corresponding author: fransisca.hanita@binus.ac.id
The aim of this research was to collect empirical evidence on the effects of Beneish’s M-Score Model that was calculated using the eight formulas that come with it and of financial ratio analysis based on the indicators financial leverage, profitability, asset composition, liquidity, and capital turnover on fraudulent financial statement indications in manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange over the period 2017–2020. The dependent variable in this research was a dummy variable, where a score of 1 was assigned to a company which restated its financial statements and a score of 0 was assigned to a company that did not perform any restatement. The research results showed that only the variable financial leverage had a significant effect on fraudulent financial statement indications. Meanwhile, Beneish’s M-Score Model did not have any significant effect on fraudulent financial statement indications. Data analysis in this study used STATA (Statistics Data Analysis) software version 16 which was used to perform statistical data tests.
© The Authors, published by EDP Sciences, 2023
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