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Article Name : | | IMPACT OF CREATIVE ACCOUNTING IN THE FINANCIAL REPORTING FRAMEWORK: A STUDY IN THE INDIAN CONTEXT | Author Name : | | Rajan Gehlot , Sameer Lama and Chetan Yadav | Publisher : | | Ashok Yakkaldevi | Article Series No. : | | ROR-1268 | Article : | | | Author Profile | Abstract : | | Underscoring the need to emphasize the role played by the camouflaged financial statements, particularly in the context of decision making; this paper discusses the need to have a systematic approach towards dealing with the new branch of accounting, i.e. creative accounting. Evidently, organizations across the horizons have witnessed some major set-backs during the recent years, and the reasons for all such debacles have given birth to creating accounting. The paper also highlights the impact of creative accounting in the financial reporting framework, particularly with regard to the Indian Companies. The various pitfalls of this new branch of accounting, as pointed out by critics has been thoroughly assessed and investigated. The paper also recommends a thorough investigation of financial statements with proper documentary evidence in order to avoid creative accounting and the necessary repercussions thereof. | Keywords : | | - Profitability Ratios
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