Prediction of Financial Failure Using the Altman Model Study of Saidal Institution of Medea Province between 2020- 2023

Abstract

This study aims to highlight the importance and effectiveness of using the Altman models in predicting the financial failure of Saidal institution during the period 2020-2023 to give early warning in disclosing the likelihood of bankruptcy.

In order to achieve the objectives of the study, the  models were applied based on the institution's financial statements and the most important financial indicators. Thus, the study found that the models are effective in predicting the future financial failure of Saidal institution during the period studied, 100% is needed.