Using Discriminant Analysis Style to Measuring Accounting and Financial Indicators for Purposes of Predicting Financial Distress

This research aims to identify the nature of the cash flow statement, methods of preparing it and its indicators. Identify the nature of profitability and explain its indicators, shed light on the topic of predicting the financial distress of economic units, the causes of distress and ways to treat it, and use cash flow and profitability indicators to help predict the financial distress of Iraqi industrial companies listed on the Iraq Stock Exchange in the second and third years preceding the financial distress. The research community is represented by the industrial companies listed on the Iraq Stock Exchange, which number (21) companies until January 2023, while the study sample is the Iraqi Engineering Works Company in order to apply the current research in it. The research reached several conclusions, the most important of which was that the increase in cases of financial distress to which Iraqi industrial companies are exposed is due to the lack of instructions or directives specific to the industrial sector and the failure to use financial indicators through quantitative methods and methods to predict financial distress before it occurs, and to determine what the financial position will be in the future.