Z-scores: an approach to the recession

Article Abstract:

Analysts can use Z-scores to accurately measure the financial health of firms. The Z-score technique creates a single number for a wide variety of weighted financial ratios that accurately measures a firm's propensity for going bankrupt. Research reveals that Z-score models have a 99% accuracy rate in predicting bankruptcies in listed corporations, and typically can offer warning of a firm's deteriorating financial health three to four years out. The Z-score technique can be bolstered by the addition of a performance analysis score, which ranks Z-scores in percentile terms for specific years. Z-score analysis needs to be done on custom-designed PC software for the best results.

Finance, Business enterprises, Financial analysis

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Graduate recruitment

Article Abstract:

Alternatives are discussed to relying solely on selection interviews to recruit accounting graduates. Judgments made about candidates' abilities in selection interviews are often highly subjective, bearing little relation to the candidate's subsequent job performance. The key to finding appropriate candidates is to conduct a thorough analysis of the job to be filled, develop a written profile of the ideal job candidate, and to ask questions in the interview that are related to specific job characteristics.

Usage, Human resource management, Employee recruitment, Job analysis

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Towards a recruitment revolution

Article Abstract:

Research has shown that conventional recruitment procedures in the accounting profession may be unreliable and statistical models, based on biographical data, to accurately predict future job performance, could be applied to the selection of graduate trainees.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Recruiting

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