creative accounting
1 of 1noun/kɹiˈeɪtɪv əˈkaʊntɪŋ/
1
the use of misleading accounting methods to present a company's financial position in a more favorable light
The idiom "creative accounting" emerged as a way to describe accounting practices that deviate from standard principles and guidelines. This expression became well-known in the late 20th century to describe a situation in which when people manipulate financial information for their own or the company's advantage.
- Many companies engage in creative accounting practices to enhance their financial performance.
- She suspects that the company is currently involved in creative accounting to inflate their profits.
- The auditor is currently investigating whether creative accounting is being used to manipulate the financial statements.
- Last year, it was revealed that the company had employed creative accounting techniques to misrepresent their financial position.
- The CEO resigned after the discovery of creative accounting practices that had been ongoing for several years.