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标题：ALTMAN Z-SCORE APPLICATION IN PREDICTING BANKRUPTCY BANKS IN INDONESIA TBK PT BANK CENTURY
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作者：Marisha Rachmawati ; Hantoro Arief Gisijanto
期刊名称：Faculty of Economics
出版年度：2009
卷号：0
期号：0
语种：English
出版社：Faculty of Economics
摘要：Banking is the lifeblood of the economy across the nation who have the primarypurpose of the establishment is to produce profit or income. So that themanagement should be able to exercise control over operational activitiesprimarily related to corporate finance. One way that can be done is by analysisof bankruptcy prediction. Analysis tool that was used to predict corporatebankruptcy by an analysis of Z-score (Altman method). Altman Z-score methodis a method used in predicting the potential bankruptcy of a company thatconsists of a combination of five financial ratios. In combines five financialratios, the authors use the data contributing to the financial report comprising thebalance sheet and income statement, and list the stock price. The results showedthat the known theoretical calculation of the Z-score in predicting the potentialbankruptcy of the financial statements for five years from 2003-2007 to PTBank Century Tbk, turned out to produce a Z-score of less than 1.81 and evennegative in 2004, it is in because in that year the company suffered huge losses.And in each year that do not produce profits, so statistically we can concludethat the bank can be classified and predicted, including a bank that willbankrupt.