4. Learning objectives.
• Meaning of Creative Accounting
• Examples of Creative Accounting in India
• Needs of Creative Accounting
• Failure Stories of Creative Accounting
• References
• Conclusion
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7. Cont..
Creative accounting refers to
imaginative ways to present accounts.
These ways deviate from the spirit of
accounting laws.
However, they are not illegal. The aim in
creative accounting is to make the
company appear financially healthier
than it really is.
8. Creative accounting not illegal – ‘but’
Creative accounting, while not the same as
‘cooking the books,’ is seen in a similar light.
Cooking the books refers to falsifying a company’s
their financial statements.
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27. References..
KSOU study material on accounting
theory and practice by Academic
Section 2014
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