Business, Legal & Accounting Glossary
Variationcreative accounting noun an adaptation of a company’s figures to present a better picture than is correct, usually intended to make a company more attractive to a potential buyer, or done for some other reason which may not be strictly legal COMMENTCreative accounting is the term used to cover a number of accounting practices which, although legal, may be used to mislead banks, investors, and shareholders about the profitability or liquidity of a business. an adaptation of a company’s figures to present a better picture than is correct, usually intended to make a company more attractive to a potential buyer, or done for some other reason which may not be strictly legal
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This glossary post was last updated: 20th November, 2021 | 0 Views.