Uncovering the Dark Side of Creative Accounting: Manipulating Financial Realities
The article explores creative financial accounting, explaining how it can be regulated and its impact under different accounting systems. The research delves into how the accounting profession responds to creative accounting practices in various financial aspects like short-term investments, trade debtors, stocks, fixed assets, intangibles, liabilities, and equity. The study presents examples and empirical evidence on the nature and usage of creative accounting, shedding light on its different aspects and implications in financial reporting.