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Creative accounting

Index Creative accounting

Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate from the spirit of those rules. [1]

32 relations: Abraham J. Briloff, Accounting, Accounting reform, Accounting scandals, Accounting standard, Asset, Barron's (newspaper), Baruch College, Capital (economics), Certified Public Accountant, Corporate tax, David Ehrenstein, Emeritus, Enron, Enron scandal, Euphemism, Executive compensation, Factors of production, Financial statement, Hollywood accounting, Income, Liability (financial accounting), List of corporate collapses and scandals, Management, MCI Inc., Mel Brooks, Option (finance), Sarbanes–Oxley Act, Stakeholder (corporate), Stock market downturn of 2002, The Producers (1967 film), United States.

Abraham J. Briloff

Abraham Jacob Briloff (July 19, 1917 - Dec. 12, 2013) was an American accounting scholar and Professor of accounting at Baruch College in New York.

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Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.

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Accounting reform

Accounting reform is an expansion of accounting rules that goes beyond the realm of financial measures for both individual economic entities and national economies.

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Accounting scandals

Accounting scandals are business scandals which arise from intentional manipulation of financial statements with the disclosure of financial misdeeds by trusted executives of corporations or governments.

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Accounting standard

Financial statements prepared and presented by a company typically follow an external standard that specifically guides their preparation.

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Asset

In financial accounting, an asset is an economic resource.

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Barron's (newspaper)

Barron's is an American weekly newspaper published by Dow Jones & Company, a property of News Corp.

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Baruch College

The Baruch College (officially, Bernard M. Baruch College) is a public research university in the Manhattan borough of New York City.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Certified Public Accountant

Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world.

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Corporate tax

A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities.

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David Ehrenstein

David Ehrenstein (born February 18, 1947) is an American critic who focuses primarily on LGBTQ issues in cinema.

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Emeritus

Emeritus, in its current usage, is an adjective used to designate a retired professor, pastor, bishop, pope, director, president, prime minister, or other person.

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Enron

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.

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Enron scandal

The Enron scandal was a financial scandal that eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world.

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Euphemism

A euphemism is a generally innocuous word or expression used in place of one that may be found offensive or suggest something unpleasant.

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Executive compensation

Executive compensation or executive pay is composed of the financial compensation and other non-financial awards received by an executive from their firm for their service to the organization.

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Factors of production

In economics, factors of production, resources, or inputs are which is used in the production process to produce output—that is, finished goods and services.

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Financial statement

Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.

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Hollywood accounting

Hollywood accounting (also known as Hollywood bookkeeping) refers to the opaque or creative accounting methods used by the film, video, and television industry to budget and record profits for film projects.

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Income

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.

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Liability (financial accounting)

In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.

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List of corporate collapses and scandals

A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise.

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Management

Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.

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MCI Inc.

MCI, Inc. (d/b/a Verizon Business) was an American telecommunication corporation, currently a subsidiary of Verizon Communications, with its main office in Ashburn, Virginia.

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Mel Brooks

Mel Brooks (born Melvin Kaminsky; June 28, 1926) is an American actor, writer, producer, director, comedian, and composer.

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Option (finance)

In finance, an option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on a specified date, depending on the form of the option.

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Sarbanes–Oxley Act

The Sarbanes–Oxley Act of 2002, also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing Accountability, Responsibility, and Transparency Act" (in the House) and more commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law that set new or expanded requirements for all U.S. public company boards, management and public accounting firms.

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Stakeholder (corporate)

In a corporation, as defined in its first usage in a 1963 internal memorandum at the Stanford Research Institute, a stakeholder is a member of the "groups without whose support the organization would cease to exist".

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Stock market downturn of 2002

In 2001, stock prices took a sharp downturn (some say "stock market crash" or "the Internet bubble bursting") in stock markets across the United States, Canada, Asia, and Europe.

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The Producers (1967 film)

The Producers is a 1967 American satirical comedy film written and directed by Mel Brooks and starring Zero Mostel, Gene Wilder, Dick Shawn, and Kenneth Mars.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Redirects here:

Accounting loophole, Accounting maneuver, Accounting trick, Cook the Books, Cook the books, Cooked books, Cooking the books, Creative accountancy, Enronomics.

References

[1] https://en.wikipedia.org/wiki/Creative_accounting

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