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Creative Accounting
(redirected from Accounting irregularities)

   Also found in: Wikipedia, Hutchinson 0.07 sec.
creative accounting
The use of aggressive and/or questionable accounting techniques in order to produce a desired result, generally high earnings per share. Creative accounting may include selling assets with a low cost basis, shipping unusually large quantities of product near the end of the year, and failure to write down inventories that have declined in value.

Creative Accounting
The practice of recognizing revenue in a way that makes a company look better than it is while still conforming to the GAAP. Creative accounting seeks to inflate stock prices, for example, by selling assets at the end of a year to create a profit that offsets a loss. One could argue that creative accounting hides a company's true financial state, but, unlike aggressive accounting, creative accounting is generally legal. It is also called financial engineering. See also: Sarbanes-Oxley Act of 2002.


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