Off-Balance-Sheet Items

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August 31, 2024 4 min read Definitions

Creative Accounting: Manipulation of Financial Figures

Accounting Finance Business Ethics Creative Accounting Financial Manipulation Off-Balance-Sheet Items Financial Reporting Taxation

Creative Accounting involves using alternative, often legally permissible methods, to manipulate financial figures for presenting them in a desired manner. This can include shifting receipts between income and capital gains, leasing back sold assets, or relegating transactions to off-balance-sheet accounts.

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