International Journal of Trends in Accounting Research
Vol. 3 No. 1 (2022): International Journal of Trends in Accounting Research (IJTAR)

The Implementation of Springate, Altman, Grover and Zmijewski Models in Measuring Financial Distress

Supitriyani (Sekolah Tinggi Ilmu Ekonomi Sultan Agung)
Astuti (Sekolah Tinggi Ilmu Ekonomi Sultan Agung)
Khairul Azwar (Sekolah Tinggi Ilmu Ekonomi Sultan Agung)



Article Info

Publish Date
30 May 2022

Abstract

Companies that have improved company performance will have good prospects in the future. In addition, the company also needs some good strategy and planning to stay afloat in running its business. One of the strategies carried out by the company is to avoid the occurrence of a level of financial difficulties (financial distress). The goal of the study was to determine bankruptcy predictions and find out the most accurate methods for measuring bankruptcy among Springate, Altman, Grover and Zmijewski models. The data collection techniques used are documentation techniques while the data analysis techniques used are qualitative descriptive analysis techniques and comparative analysis techniques. The results showed that there was a predictive difference between Springate, Altman, Grover and Zmijewski models in predicting bankruptcy (financial distress). The Altman model is the most accurate prediction model in predicting bankruptcy with the highest degree of accuracy which then continued the Springate model, Grover model and finally the Zmijewski model. The renewal of previous research is to use four methods of predicting bankruptcy at once, different research objects and times from previous researchers

Copyrights © 2022






Journal Info

Abbrev

ijtar

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Journal of Trends in Accounting Research (IJTAR) with registered number ISSN 2774-5643 (Online) is an accounting scientific journal published by Asosiasi Dosen Indonesia (ADAI). International Journal of Trends in Accounting Research is a refereed Journal dedicated to publish empirical ...