The Benford Analyzer is designed for practical use in my accounting courses. Students enrolled in Data Analytics for Accounting (ACC575) will have the opportunity to create and use it during class exercises. This tool helps students explore Benford’s Law, a fascinating statistical principle that can be used to detect anomalies in financial data.
Whether you are curious about financial data patterns or preparing for professional accounting work, this tool provides a practical introduction to data-driven decision making. Throw in a series of numbers (for example, the revenues of 100 companies) and see what happens in the tool below!
For more information on Benford’s Law, you can refer to the Wikipedia article.