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creative accounting

   Also found in: Financial, Wikipedia 0.04 sec.

creative accounting

Organizing and presenting company accounts in a way that, although desirable for the company concerned, relies on a liberal and unorthodox interpretation of general accountancy procedures.

The US government has used creative accounting methods to disguise the size of the budget deficit. One method was the application of surpluses from the Social Security trust fund to the operating budgets, thereby showing less of a deficit. Creative accounting measures are used by administrators and political leaders at all levels to show a desired result.



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Elsewhere in his book, Shortt delves into such topics as grade inflation with the concurrent trend of dumbing down the curriculum, and how education officials across the country have used creative accounting on their states' test results to continue receiving federal money.
The Harsh Truth About Public Schools by Grigg, William Norman / The New American
OFHEO had set its sights on Fannie Mae after sibling Freddie Mac made headlines in 2003 for engaging in creative accounting practices.
Franklin Raines steps down from Fannie Mae: was the former CEO right ... by Jones, Joyce / Black Enterprise
Creative accounting practices, such as acceleration of revenue recognition and off-balance sheet debt, are still legal, but auditors view them with wariness.
Accounting for differences: number crunchers in chastened posture as ... by Berry, Kate / Los Angeles Business Journal
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