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Benford’s Law tested on Revenue values

Summary

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.

Excel links

View Online or Download

Date

May 12, 2014

Category
Research in Accounting
About

Benford’s Law example created by FinDynamics. Download the example and use it together with XBRLAnalyst Add-In for getting live data in Excel.

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