Creative Accounting

Creative accounting can be described as an accounting practice that may or may not follow the accounting standards and principles. However, it deviates from the main idea of those standards and principles in order to present the desired picture of the business.

Creative accounting is not illegal, but unethical since it doesn’t meet the main objective of financial reporting – to present fair and objective picture of the business.

The practice of creative accounting usually includes overstating assets, high stocks, decreasing expenses, changes of depreciation methods, or presenting provisions as an asset. Creative accounting techniques follow the changes of accounting standards, which are modified in order to reduce financial information manipulation.

However, such changes in accounting standards often result in new opportunities for accounting manipulation. Although entities follow the accounting standards, they also use “loopholes” to enhance key financial ratios. Therefore, it is very important to adopt measures that will prevent the abuse of creative accounting practices.

This course present the main motives for financial information manipulation, as well as the most common techniques, and finally the measures that have to be taken in order to minimize creative accounting practices.

Completing this course should take you approximately 8 hours.

Upon successful completion of this course, you will be able to:

  • Summarize the rules in Creative accounting tricks
  • Understand the concept of creative accounting
  • Calculate the net present value of an investment option
  • And many more…

Course Curriculum

INTRODUCTION TO CREATIVE ACCOUNTING

1
What is Creative Accounting?
Self-Paced
2
The Concept of Creative Accounting
Self-Paced
3
The Main Approaches Which Help Accounting Reader and Prevent Creative Approaches by Companies
Self-Paced
4
Creative Presentation
Self-Paced
5
Auditor’s Ethical Judgment
Self-Paced
6
Creative Cash Flow Areas
Self-Paced
7
Potential Gains and Losses in/from Manipulating Accounts
Self-Paced
8
Motives, Techniques and Methods of limiting Creative Accounting
Self-Paced
9
Types and Methods of Creative Accounting
Self-Paced
10
Methods of Creative Accounting
Self-Paced
11
Advantages and Disadvantages of Creative Accounting
Self-Paced
12
Wrapping Up
Self-Paced
13
Quiz
10 questions

INTRODUCTION TO CREATIVE ACCOUNTING

1
What is Creative Accounting?
Self-Paced
2
The Concept of Creative Accounting
Self-Paced
3
The Main Approaches Which Help Accounting Reader and Prevent Creative Approaches by Companies
Self-Paced
4
Creative Presentation
Self-Paced
5
Auditor’s Ethical Judgment
Self-Paced
6
Creative Cash Flow Areas
Self-Paced
7
Potential Gains and Losses in/from Manipulating Accounts
Self-Paced
8
Motives, Techniques and Methods of limiting Creative Accounting
Self-Paced
9
Types and Methods of Creative Accounting
Self-Paced
10
Methods of Creative Accounting
Self-Paced
11
Advantages and Disadvantages of Creative Accounting
Self-Paced
12
Wrapping Up
Self-Paced
13
Quiz
10 questions

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