The use of Shewhart control charts for financial statements analysis

Authors

  • Janusz Niezgoda Katedra Statystyki Uniwersytet Ekonomiczny w Krakowie

DOI:

https://doi.org/10.29015/cerem.200

Keywords:

control charts, forecast, financial ratios

Abstract

The Shewhart control charts were developed in the early 1920s. One of the aims of their application was to provide quite convenient tools which can help in making decisions concerning the industrial manufacturing processes. Control charts can also be used for other applications on account of analyzed data type. Professor Z. Pawlowski proposed a modification of typical control chart to forecast. The aim of the paper is to present a proposal to monitor the changes in financial statements in order to predict potential signals which show the possibility of bankruptcy.

References

Dębkowska K. (2012), Prognozowanie upadłości przedsiębiorstw za pomocą wybranych metod wielowymiarowej analizy statystycznej, „Zarządzanie i Finanse”, vol. 10, nr 1, s. 175–184.

Hamrol A. (2007), Zarządzanie jakością z przykładami, Warszawa, Wydawnictwo Naukowe PWN.

Iwasiewicz A. (2005), Zarządzanie jakością w przykładach i zadaniach, Tychy, Śląskie Wydawnictwa Naukowe Wyższej Szkoły Zarządzania i Nauk Społecznych.

Pawłowski Z. (1969), Predykcja za pomocą kart kontrolnych, „Przegląd Statystyczny”, vol.3–4, Warszawa.

Zadora H. (1974), Wariant predykcji w oparciu o karty kontrolne, „Przegląd Statystyczny”, vol.3, Warszawa

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Issue

Vol. 15 No. 5 (2015)

Section

Articles

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