Golden Ratio Accounting: the evidence in Financial Reporting
Paolo Pietro Biancone, Full Professor, Silvana Secinaro, Researcher, Valerio Brescia, PhD student
This work intends to investigate on the possible existence of the golden ratio in Accounting and the preparation of financial statements. The Study Group AFTER having defined what is the golden number launched. A first analysis to determine the possible existence of the golden ratio in Accounting and in the form of financial statements. The analysis was conducted using three methods and taking coming Sample Analysis 550 Financial statements of listed companies and non-listed Italian. It has been used in particular ratios and z test. The intent of the article is to demonstrate how for balance sheet items, scaling and indexes we might use the golden ratio to locate possible fraud situations.
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