Can Creative Accounting be Equated with Creativity and Called Positive?
Open Access
- 18 October 2021
- journal article
- Published by Vilnius University Press in Buhalterinės apskaitos teorija ir praktika
- No. 24,p. 3
- https://doi.org/10.15388/batp.2021.37
Abstract
The advent of creative accounting in the middle of the 20th century sparked great interest among researchers and practitioners. In the work of both foreign and Lithuanian scientists, this phenomenon is widely researched and defined as the ability to use the flexibility of legal acts in order to reflect subjective information in financial statements. However, in contrast to foreign literature, linguistic interpretations of the term "creative accounting" appeared in Lithuanian literature, which gave this phenomenon a positive meaning, associated with creativity and identified as positive creative accounting. The article examines the concept of creativity, its relationship with accounting, assesses the compatibility of creativity with creative accounting. Based on the analysis of the literature, it is proposed to refuse to divide creative accounting into positive and manipulative, as such a division not only contradicts the concept of creativity, but also undermines the essence of accounting and its multiplicity.Keywords
This publication has 12 references indexed in Scilit:
- Creative accounting a tool for financial crime: a review of the techniques and its effectsJournal of Financial Crime, 2020
- Creativity as a Dynamic, Personal, Parsimonious ProcessPublished by Springer Science and Business Media LLC ,2019
- Approaches to Measuring Creativity: A Systematic Literature ReviewCreativity. Theories – Research – Applications, 2017
- Kritinio ir kūrybinio mąstymo sąsajaSocialinė teorija, empirija, politika ir praktika, 2017
- Empirical Study on the Creative Accounting PhenomenonStudia Universitatis „Vasile Goldis” Arad – Economics Series, 2016
- Manipuliacinės kūrybinės apskaitos anatomija ir jos informacijos naudojimasInformacijos mokslai, 2015
- Specialistų kompetencijų vertinimasBuhalterinės apskaitos teorija ir praktika, 2014
- From Creative Accounting Practices And Enron Phenomenon To The Current Financial CrisisAnnales Universitatis Apulensis Series Oeconomica, 2011
- Creative Accounting: Some Ethical Issues of Macro- and Micro-ManipulationJournal of Business Ethics, 2005
- The Ethics of Creative Accounting: Some Spanish EvidenceSSRN Electronic Journal, 2000