Formulation of a New Approach to Financial Statement Analysis Based on Divine Sai Baba (Shirdi) - Ethical Values of 16½ Number - In the Scenario of Current Global Financial Crisis-Cum-Moral Bankruptcy

Though countries like the U.S.A., India and Nigeria have set their mottos based on high moral values like “In God We Trust,” “Truth Alone Wins,” “Unity & Faith: Peace & Progress,” it appears from experiences that today's governance (Man-Management) has been degraded to such an extent that moral bankruptcy has become an integral part of day to day business activities – as evidenced by recent experiences – where righteousness is at a discount (account tampering, manipulation/falsification of accounts and frauds are rampant); truth has become rare trickery is spreading and integrity is vanishing); and selfishness is growing alarmingly in all spheres of human activity. There is an urgent need to resort to the use of the proposed new and unique approach to financial statement analysis based on Divine Sai Baba (Shirdi) moral values of 16½ Number to ensure value-based (God-ment) management of organizations