What is Corruptible Value

Accounting creativity only addresses the same issue as management, but the solution resides at the border between the legal and recording of economic events. From a variety of accounting treatments and rules, the entity's manager can select the one that is most convenient and serves their own interests, which means that an outcome may be convenient but not necessarily accurate. The consequences and problems of creative accounting on performance are discussed in this chapter. According to the findings, the biggest problem created by the standards is the requirement for periodic reassessments and the option of selecting a method of assessing value, which offers grounds for the practice of creative accounting.