Creative Accounting, Fraud and International Accounting Scandals

2011 ◽  
Vol 41 (4) ◽  
pp. 411-412 ◽  
Author(s):  
Paul Barnes
Keyword(s):  
International Accounting ◽  
Accounting Fraud ◽  
Creative Accounting ◽  
Accounting Scandals

Theoretical Analysis of Creative Accounting

2021 ◽  
pp. 58-74
Author(s):  
Christianna Chimonaki
Keyword(s):  
Theoretical Analysis ◽  
Financial Statement ◽  
Accounting Fraud ◽  
Financial Statement Fraud ◽  
Financial Report ◽  
Creative Accounting ◽  
Accounting Scandals ◽  
The Relationship

This chapter begins with the definitions of creative accounting, fraud and financial statement fraud and explains the relationship between them. Next, it presents the classical theories on the determinants of financial statement fraud. Section 1.4 presents the profile of accounting scandals. Section 1.5 presents the components of financial report fraud as well as the parties involved in in creative accounting. Section 1.6 presents the reasons and motivations for creative accounting. Specifically, the authors analyse manipulation practices, the methods and the opportunities for creative accounting and address why financial frauds occur. Finally, they offer conclusions in Section 1.7.

Creative Accounting Versus Accounting Fraud:, A Review Of The Literature

2020 ◽  
pp. 282
Author(s):  
يوسف إبراهيم المحروق ◽  
ناصر أحمد الصغير
Keyword(s):  
Accounting Fraud ◽  
Review Of The Literature ◽  
Creative Accounting

scholarly journals DMFCA Model as a Possible Way to Detect Creative Accounting and Accounting Fraud in an Enterprise

2013 ◽  
Vol 4 (2) ◽  
pp. 14-27 ◽  
Author(s):  
Jindřiška Kouřilová ◽  
Dana Plevková
Keyword(s):  
Material Flow ◽  
Cost Accounting ◽  
Environmental Accounting ◽  
Model Material ◽  
Balance Model ◽  
Accounting Fraud ◽  
Accounting Data ◽  
Detection Model ◽  
Creative Accounting

The quality of reported accounting data as well as the quality and behaviour of their users influence the efficiency of an enterprise’s management. Its assessment could therefore be changed as well. To identify creative accounting and fraud, several methods and tools were used. In this paper we would like to present our proposal of the DMFCA (Detection model Material Flow Cost Accounting) balance model based on environmental accounting and the MFCA (Material Flow Cost Accounting) as its method. The following balance areas are included

scholarly journals Measurement of Creative Accounting by Transparency and Disclosure Index (TDI) Method in Automobile Industry

2021 ◽  
Vol 66 (3) ◽  
pp. 381-396
Author(s):  
Ervin Denich ◽  
Dániel Hajdu
Keyword(s):  
Corporate Governance ◽  
Automobile Industry ◽  
Corporate Structure ◽  
Related Information ◽  
Creative Accounting ◽  
Accounting Scandals ◽  
Financial Performance Measures ◽  
Transparency And Disclosure ◽  
The Relationship ◽  
A Company

Investigation of relationship between corporate governance and creative accounting came to the front after some accounting scandals (like Enron, WorldCom or Satyam). Corporate governance is an actual topic to discuss due to the its correlation to creative accounting. Application of creative accounting techniques might suggest some weaknesses of a company. In this study we investigate the relationship between corporate governance and creative accounting by applying Transparency and Disclosure Index (TDI) method, which enables to evaluate corporate structure, transparency of operation and disclosure of company related information, based on publicly available data. Then, in order to measure the accounting manipulation, we analyse financial performance measures. Furthermore, we perform a correlation analysis to assess the strength of relationship between corporate governance and creative accounting. As a conclusion, we are able to describe a medium negative correlation between the two aspects under investigation.

scholarly journals The potential to reduce the risk of manipulation of financial statements using the identification models of creative accounting

2013 ◽  
Vol 61 (7) ◽  
pp. 2055-2063 ◽  
Author(s):  
Zita Drábková
Keyword(s):  
Explanatory Power ◽  
Accounting Information ◽  
Accounting Standards ◽  
Close Relation ◽  
Financial Statements ◽  
Economic Indicators ◽  
Accounting Fraud ◽  
Review Of Literature ◽  
Creative Accounting ◽  
Convenient Model

Explanatory power of accounting information is the key question for deciding of users of financial statements. A whole range of economic indicators is available to the users of financial statements to measure the firm productivity. When the accounting statements (and applied methods) are manipulated, the economic indicators may reveal clearly different results. The users of financial statements should have the possibility to assess the risk of manipulation of accounting statements in time considering potential risk of accounting fraud. The aim of this paper was based on the synthesis of knowledge from the review of literature, the CFEBT model analysis and Beneish Model proposing a convenient model for identifying risks of manipulation of financial statements. The paper summarizes the outcomes of possibilities and limits of manipulated financial statements and their identification. The testing hypothesis is assessing whether there is a close relation of a loss and an increase in the cash flow in 3–5 years time; whether the sum of the amounts for 3–5 year’s time would reveal the same results respectively. The hypothesis was verified on the accounting statements of the accounting entities of prepared case studies respecting the true and fair view of accounting based on Czech accounting standards.

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