Issue in Accounting 01 - Creative Accounting Michael Jameson, writing from the perspective of the accountant, argues: The accounting process consists of dealing with many matters of judgement and of resolving conflicts between competing approaches to the presentation of the results of financial events and transactions... this flexibility provides opportunities for manipulation, deceit and misrepresentation. These activities - practised by the less scrupulous elements of the accounting profession - have come to be known as 'creative accounting': (1988: 7-8) Source: Amat, O., Blake, J. and Dowds, J., 1999. The ethics of creative accounting. Economics Working Paper, 349, pp. 715-736. Required 1. What are the various ways in which creative accounting can be undertaken. 2. Explore some definitions of creative accounting. 3. Explore the range of reasons for a company's directors to engage in creative accounting. 4. Review the ethical issues that arise in creative accounting