Creative Accounting – NBC Institute

CR – Nov 2016 – L3 – SC – Q5 – Ethical Issues in Corporate Reporting

Explain the concepts of creative accounting and window dressing, provide examples, reasons, and suggest preventive measures.

Question

Manipulation of reporting entities book’s and records have been termed in many quarters as “Creative Accounting” and “Window Dressing”. The Management of Wastage Plc requires clarification of these two concepts.

Write a report to the management of Wastage Plc that includes:
a. Definitions of Creative Accounting and Window Dressing. (2 Marks)
b. Five examples of each concept. (5 Marks)
c. Three possible reasons for Creative Accounting and Window Dressing. (3 Marks)
d. Advice to management on five possible preventive measures of Creative Accounting. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Creative Accounting, Ethics, Financial Statements, Window Dressing
Level: Level 3

Topic: Ethical Issues in Corporate Reporting
Series: NOV 2016

CR – May 2021 – L3 – Q5a – Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

Define provisions and discuss their misuse in creative accounting.

Question

International Accounting Standard (IAS) 37 on Provisions, Contingent Liabilities, and Contingent Assets sets out the principles of accounting for these items. The inappropriate use of provisions has been an area where companies have been accused of manipulating financial statements and engaging in creative accounting.

Required:

What is provisions, and how is it employed by management to engage in creative accounting? (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contingent Liabilities, Creative Accounting, IAS 37, Provisions
Level: Level 3

Topic: Provisions, Contingent Liabilities and Contingent Assets (IAS 37)

CR – Nov 2016 – L3 – Q5 – Ethical Issues in Corporate Reporting

Provide definitions, examples, reasons, and preventive measures for Creative Accounting and Window Dressing.

Question

Manipulation of reporting entities’ books and records has been termed in many quarters as “Creative Accounting” and “Window Dressing.” The Management of Wastage Plc requires clarification of these two concepts.

You are required to write a report to the management of Wastage Plc. Your report should include:

a. Definitions of the TWO concepts. (2 Marks)
b. FIVE examples of each. (5 Marks)
c. THREE possible reasons for Creative Accounting and Window Dressing. (3 Marks)
d. Advise to management on FIVE possible preventive measures of Creative Accounting. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Creative Accounting, Ethical Standards, Financial Statements, Fraud Prevention, Window Dressing
Level: Level 3

Topic: Ethical Issues in Corporate Reporting

FR – Nov 2023 – L2 – Q6a – Ethical Issues in Financial Reporting

Identify and discuss techniques for manipulating financial statements under ethical compliance.

Question

The management of an entity experiencing a decline in profits or poor cash flows may use various forms of creative accounting techniques to manipulate the views shown by the financial statements while complying with all applicable accounting standards and regulations.

Required:
Identify and discuss FOUR techniques of creative accounting. (8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting estimates, Creative Accounting, Ethical Issues, Financial Manipulation, Window Dressing
Level: Level 2

Topic: Ethical Issues in Financial Reporting

FR – Nov 2018 – L2 – SB – Q4c – Ethical Issues in Financial Reporting

Identify and explain four creative accounting techniques that can manipulate the view given by financial statements.

Question

Management may use various forms of creative accounting to manipulate the view given by financial statements. Identify and explain four creative accounting techniques.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Creative Accounting, Financial Statements, Manipulation Techniques
Level: Level 2

Topic: Ethical Issues in Financial Reporting
Series: NOV 2018

CR – Nov 2016 – L3 – SC – Q5 – Ethical Issues in Corporate Reporting

Explain the concepts of creative accounting and window dressing, provide examples, reasons, and suggest preventive measures.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Creative Accounting, Ethics, Financial Statements, Window Dressing
Level: Level 3

Topic: Ethical Issues in Corporate Reporting
Series: NOV 2016

CR – May 2021 – L3 – Q5a – Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

Define provisions and discuss their misuse in creative accounting.

Question

Required:

What is provisions, and how is it employed by management to engage in creative accounting? (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contingent Liabilities, Creative Accounting, IAS 37, Provisions
Level: Level 3

Topic: Provisions, Contingent Liabilities and Contingent Assets (IAS 37)

CR – Nov 2016 – L3 – Q5 – Ethical Issues in Corporate Reporting

Provide definitions, examples, reasons, and preventive measures for Creative Accounting and Window Dressing.

Question

You are required to write a report to the management of Wastage Plc. Your report should include:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Creative Accounting, Ethical Standards, Financial Statements, Fraud Prevention, Window Dressing
Level: Level 3

Topic: Ethical Issues in Corporate Reporting

FR – Nov 2023 – L2 – Q6a – Ethical Issues in Financial Reporting

Identify and discuss techniques for manipulating financial statements under ethical compliance.

Question

Required:
Identify and discuss FOUR techniques of creative accounting. (8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting estimates, Creative Accounting, Ethical Issues, Financial Manipulation, Window Dressing
Level: Level 2

Topic: Ethical Issues in Financial Reporting

FR – Nov 2018 – L2 – SB – Q4c – Ethical Issues in Financial Reporting

Identify and explain four creative accounting techniques that can manipulate the view given by financial statements.

Question

Management may use various forms of creative accounting to manipulate the view given by financial statements. Identify and explain four creative accounting techniques.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Creative Accounting, Financial Statements, Manipulation Techniques
Level: Level 2

Topic: Ethical Issues in Financial Reporting
Series: NOV 2018

Question Tag: Creative Accounting

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CR – Nov 2016 – L3 – SC – Q5 – Ethical Issues in Corporate Reporting

Explain the concepts of creative accounting and window dressing, provide examples, reasons, and suggest preventive measures.

CR – May 2021 – L3 – Q5a – Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

Define provisions and discuss their misuse in creative accounting.

Required:

CR – Nov 2016 – L3 – Q5 – Ethical Issues in Corporate Reporting

Provide definitions, examples, reasons, and preventive measures for Creative Accounting and Window Dressing.

FR – Nov 2023 – L2 – Q6a – Ethical Issues in Financial Reporting

Identify and discuss techniques for manipulating financial statements under ethical compliance.

FR – Nov 2018 – L2 – SB – Q4c – Ethical Issues in Financial Reporting

Identify and explain four creative accounting techniques that can manipulate the view given by financial statements.

CR – Nov 2016 – L3 – SC – Q5 – Ethical Issues in Corporate Reporting

Explain the concepts of creative accounting and window dressing, provide examples, reasons, and suggest preventive measures.

CR – May 2021 – L3 – Q5a – Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

Define provisions and discuss their misuse in creative accounting.

Required:

CR – Nov 2016 – L3 – Q5 – Ethical Issues in Corporate Reporting

Provide definitions, examples, reasons, and preventive measures for Creative Accounting and Window Dressing.

FR – Nov 2023 – L2 – Q6a – Ethical Issues in Financial Reporting

Identify and discuss techniques for manipulating financial statements under ethical compliance.

FR – Nov 2018 – L2 – SB – Q4c – Ethical Issues in Financial Reporting

Identify and explain four creative accounting techniques that can manipulate the view given by financial statements.

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CR – Nov 2016 – L3 – SC – Q5 – Ethical Issues in Corporate Reporting

Explain the concepts of creative accounting and window dressing, provide examples, reasons, and suggest preventive measures.

You're reporting an error for "CR – Nov 2016 – L3 – SC – Q5 – Ethical Issues in Corporate Reporting"

CR – May 2021 – L3 – Q5a – Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

Define provisions and discuss their misuse in creative accounting.

Required:

You're reporting an error for "CR – May 2021 – L3 – Q5a – Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)"

CR – Nov 2016 – L3 – Q5 – Ethical Issues in Corporate Reporting

Provide definitions, examples, reasons, and preventive measures for Creative Accounting and Window Dressing.

You're reporting an error for "CR – Nov 2016 – L3 – Q5 – Ethical Issues in Corporate Reporting"

FR – Nov 2023 – L2 – Q6a – Ethical Issues in Financial Reporting

Identify and discuss techniques for manipulating financial statements under ethical compliance.

You're reporting an error for "FR – Nov 2023 – L2 – Q6a – Ethical Issues in Financial Reporting"

FR – Nov 2018 – L2 – SB – Q4c – Ethical Issues in Financial Reporting

Identify and explain four creative accounting techniques that can manipulate the view given by financial statements.

You're reporting an error for "FR – Nov 2018 – L2 – SB – Q4c – Ethical Issues in Financial Reporting"

CR – Nov 2016 – L3 – SC – Q5 – Ethical Issues in Corporate Reporting

Explain the concepts of creative accounting and window dressing, provide examples, reasons, and suggest preventive measures.

You're reporting an error for "CR – Nov 2016 – L3 – SC – Q5 – Ethical Issues in Corporate Reporting"

CR – May 2021 – L3 – Q5a – Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

Define provisions and discuss their misuse in creative accounting.

Required:

You're reporting an error for "CR – May 2021 – L3 – Q5a – Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)"

CR – Nov 2016 – L3 – Q5 – Ethical Issues in Corporate Reporting

Provide definitions, examples, reasons, and preventive measures for Creative Accounting and Window Dressing.

You're reporting an error for "CR – Nov 2016 – L3 – Q5 – Ethical Issues in Corporate Reporting"

FR – Nov 2023 – L2 – Q6a – Ethical Issues in Financial Reporting

Identify and discuss techniques for manipulating financial statements under ethical compliance.

You're reporting an error for "FR – Nov 2023 – L2 – Q6a – Ethical Issues in Financial Reporting"

FR – Nov 2018 – L2 – SB – Q4c – Ethical Issues in Financial Reporting

Identify and explain four creative accounting techniques that can manipulate the view given by financial statements.

You're reporting an error for "FR – Nov 2018 – L2 – SB – Q4c – Ethical Issues in Financial Reporting"

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