Benford’s Law tested on Revenue values
This Excel example uses XBRLAnalyst to test Benford's Law. We chose one industry and 2 XBRL tags for Revenue (Revenues and SalesRevenueNet) and showed that the values follow Benford's law quite well.
May 12, 2014
CategoryResearch in Accounting
Benford’s Law example created by FinDynamics. Download the example and use it together with XBRLAnalyst Add-In for getting live data in Excel.