creative accountancy

/kriˌeɪtɪv ə'kaυntənsi/, creative accounting /kriˌeɪtɪv ə'kaυntɪŋ/ 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
COMMENT: Creative 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.

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • creative accountancy — creative accounting or creative accountancy see ↑creative above. • • • Main Entry: ↑create …   Useful english dictionary

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  • creative accounting — or creative accountancy see ↑creative above. • • • Main Entry: ↑create * * * creative accounting UK US noun [uncountable] business the practice of showing financial information in a way that gives a false idea but is not illegal Th …   Useful english dictionary

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