Practice Drills: Calculating Beneish M-Score on a Real Company's Financials

A calculation-first drill course on the Beneish M-Score, built for forensic auditors, compliance heads and financial crime investigators who need a score they can defend in a review meeting, not one copied off a screener. You will pull two or more years of inputs from Ind AS annual reports filed on NSE and BSE, map Schedule III's by-nature statements to Beneish's US-style lines, compute all eight variables by hand and in a spreadsheet, and then run the full model across five years for a listed Indian company, a company that later collapsed, and a group where standalone and consolidated scores diverge. The final chapter is about judgement: decomposing which variable moved the score, recognising false positives from acquisitions, sector quirks and genuine high growth, and writing the forensic note that turns a number into an escalation decision.