Thesis Abstract

Abstract
Predictive analytics has emerged as a powerful tool in financial statement analysis, offering the potential to enhance decision-making processes for businesses and investors. This thesis explores the application of predictive analytics in analyzing financial statements to predict future performance and identify potential risks. The study delves into the background of predictive analytics and its relevance in the accounting field, aiming to address the limitations and scope of its application. The research objectives include developing predictive models, evaluating their accuracy, and assessing the significance of predictive analytics in financial statement analysis. Chapter One provides an introduction to the topic, presenting the background of the study, problem statement, research objectives, limitations, scope, significance, structure of the thesis, and definition of terms. Chapter Two comprises a comprehensive literature review, highlighting key concepts, theories, and previous studies related to predictive analytics in financial statement analysis. Chapter Three details the research methodology employed in this study, including data collection methods, model development, validation techniques, and statistical analysis procedures. The chapter also discusses the selection criteria for the sample data and the tools utilized for predictive modeling. Chapter Four presents a detailed discussion of the findings derived from the application of predictive analytics in financial statement analysis. The chapter explores the predictive models developed, their accuracy in forecasting financial performance, and the identification of potential risks based on the analysis of financial statements. Finally, Chapter Five offers a conclusion and summary of the project thesis, summarizing the key findings, implications, and recommendations for future research in the field of predictive analytics in financial statement analysis. The study contributes to the growing body of knowledge on the application of advanced analytics in accounting practices, emphasizing the importance of leveraging predictive models to enhance financial decision-making processes and improve strategic planning for businesses and investors.

Thesis Overview