Whoever did the 'creative accounting
' is also not the government today.
remains a problematic research area.
Most small businesses are known to maintain two set of books (often unaudited): one for the proprietor himself known in local dialect as 'chopra' to keep abreast with the true state of financial affairs and the other laced with 'creative accounting
' meant mainly to present to the taxman.
A lot of countries will now lose some billions of euros, which they will now brush off , for when the IMF prints money from nothing, money without the backing of gold or silver, then creative accounting
becomes a very fine art.
Garry Clark, executive director of the Ontario Prospectors Association, said such creative accounting
practices are already commonplace in the sector.
"No child in a local authority school should be disadvantaged by the creative accounting
that appears to be happening within some of these academy schools."
What are your top tips to spotting creative accounting
or accounting fraud?
You should take legal advice on the retrospective reporting, as what your MD sees as "creative accounting
" could actually be fraudulent.
One would gather that this is indeed, creative accounting
at its best, to justify new destinations like Athens, that was closed down previously due to lack of bums on seats.
Thanks to the legal approval of creative accounting
, company managers have an opportunity to exploit accounting solutions by means of which identical economic operations may be recorded in different manners so as to yield different financial results--a tool which will be used on an even larger scale in the future (in Polish accounting practice).
The creative accounting
done to show that it will be more economical is totally untrue in reality.
They give new meaning to the term 'creative accounting
.' The truth is, we paid the right taxes," Barrientos said.