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Some companies may adopt inappropriate accounting policy when preparing financial reports to show that the company's financial position is favourable to the eyes of the
Some companies may adopt inappropriate accounting policy when preparing financial reports to show that the company's financial position is favourable to the eyes of the external stakeholders. Such scenario is commonly known as creative accounting.
Discuss whether creative accounting is acceptable in financial reporting practices and explain in detail FIVE (5) common ways that management can be involved in creative accounting.
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