The Coordinates of the Creative Accountancy Practices in the Background of the Romanian Economy

Florentina Moisescu ()
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Florentina Moisescu: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2012, 415-422

Abstract: In Romania, where the inflation nucleus is omnipresent and the exchequer taxes are a curse for the development of the enterprises causing a ‘leak’ in the budget of its substance, the re-treatment techniques of the financial situations have become a ‘bridge of despairs’. Seen in this background, creative accountancy is the process that manipulates the accounting figures due to the breach existence in the rules, and, by taking advantage of flexibility, those measurement and informational practices are to be chosen thus allowing a change within the synthesis documents from what they should be into what the managers really want them to be, or the process that enables transactions to classify in such a way that they allow getting the accounting outcome desired. By its meaning and effects, using creative accountancy is difficult to be identified. Just as difficult is getting creative monetary situations corrected in the view of some relevant decisions. The main source of information about the making up of the accounts is represented by the accounting politics situation enclosed in the annexes. However, the accountant will never enclose in the annexes the information concerning the fact that he has made use of creative accounting methods or about the way in which these can be traced back.

Keywords: creative accounting; fraud; financial manoeuvres; financial auditing; risks (search for similar items in EconPapers)
Date: 2012
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