The book has been specially designed to provide benchmark for diagnosis and prognosis of financial health of a corporate body. The work is based on empirical ecidences. Univariate as well as multivariate models have been administrated to predict the financial health of financially stressed companies. It is established that multivariate models possess a commendable predictive power which may be used to give prognosis well in advance before a company actually goes into liquidation. Finally the author has suggested benchmark to identify the process of sickness.