THE IMPACT OF APPLYING CREATIVE ACCOUNTING ON THE RELIABILITY OF ACCOUNTING INFORMATION IN THE FINANCIAL STATEMENTS
Keywords:
manipulation, accounts, companies, statementsAbstract
The manipulation of accounts and financial statements to hide the actual performance of companies in order to reach useful results for the company or some of its employees is what it means by creative accounting or profit management. Such methods are described as provided that it is practiced without exceeding the accepted accounting standards and principles but by exploiting the elements of flexibility and choice in those standards and principles . The practice of these methods has a very important effect in undermining market confidence in the information contained in the financial statements published by the companies
References
Fouad Mohamed El-Leithi, "Accounting Theory", Faculty of Commerce in Port Said - Suez Canal University, publisher, Arab Renaissance House 2010, p.: 285-289 2. Saeed Mohammed Saeed Hassan (2011) “The role of the external auditor in limiting profit management practices - an applied study on Libyan banks, The Scientific Journal of Research and Commercial Studies, Egypt, Q25, Issue (4), pg. 84: 88 . 3. Ali Abdullah Ahmed Shaheen. (2011). "Profit and Risk Management in the Banking Environment: An Applied Analytical Study on Palestinian National Banks". The Islamic University, Gaza, p. 8 . 4. Albornoz ,B. G., and M. M .Illueca( .)2009) .) Earnings management under price regulation: Empirical evidence from the Spanish electricity industry. Energy Economic 17 (2): 279-304
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