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A mathematical model that uses financial ratios and eight variables to identify whether a company has manipulated its earnings. The variables are constructed from the data in the company's financial statements and, once calculated, create an M-Score to describe the degree to which the earnings have been manipulated.
A Standard Score of 85 indicates that the student scored one standard deviation below the mean of the normative sample. Figure 2 illustrates a normal distribution of test scores with a mean of 100 and a standard deviation of 15. standard score is based on a normal distrbution with a mean and a standard deviation (see Figure 1). The black line at the center of the distribution represents the mean. The turquoise lines represent standard deviations. Figure 1.