The Impact Of Creative Accounting On The Preparing And Presentation Of Financial Statements

In a world governed by the rules of the market economy, the importance of information, and of their handling in the decision making process is continuously growing. This is a result of using the creative accounting as a method of "grooming" the accounting information.The need for information is growing and data have to be offered faster and to be more diversified. In this context, the accountant has to make available to the decision-makers the necessary information without waiting for standard-setting, thus the call for finding creative solutions that offer advantages to companies, under the conditions laid down by law. These solutions are varied, but all of them try to change the image of the results of a company. The creative accounting becomes a necessary management tool and it is used in order to promote the image of a company. Therefore, a selection of information is necessary in order to pursue its legitimate interests. This paper intends to analyse the creative accounting techniques and the ways in which it can impact the information included in the financial statements.