The Z-Score is a financial metric developed by Edward Altman to predict the likelihood of business bankruptcy. It combines profitability, leverage, liquidity, and solvency ratios into a single score. A low Z-Score indicates financial distress, while a higher score suggests stability.
Zero defect accounting applies quality management principles to financial reporting, aiming for error-free entries and reconciliation. It focuses on preventive…
Zonal costing involves calculating and comparing costs incurred across different operational zones or branches of a company. It assists management…
Z-trend analysis uses statistical standardisation (z-scores) to identify deviations from normal performance in financial data. It helps accountants and auditors…
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