Enron. WorldCom. What comes to your mind when you think of these organizations? The use of variable interest entities and misleading classifications of assets to misstate earnings. Accounting ...

IMGCAP(1)]Ah! Creative accounting! No! Stop! There is only one way to account for activity and that is the right way. Processing Content Account for activity according to the textbooks—that is the ...

Earnings management and creative accounting encompass a spectrum of practices whereby corporate managers influence the portrayal of financial performance through the deliberate choice or timing of ...

The COVID-19 outbreak has brought out some creative accounting at companies, as executives attempt to gauge the impact of the pandemic on their businesses and how they would have performed if the ...

Creative companies rarely comply with standard business templates. Their working practices, pay scales and – yes even in these austere times – expense accounts, would give many a traditional finance ...

Corporate financial statements, with their numbers calculated down to the dollar and even the penny, have always seemed to be etched in stone. In these Enron-tainted days, regulators and investors are ...