A Study on Creative Accounting Practices in Indian Financial Sector
Author(s):
CH.Deepthi
Keywords:
Accounting, Creative accounting, financial sector, Accounting practices, Earnings.
Abstract
Nowadays, the Creative Accounting effort is gradually believed as an improvement in the field of accounting. Creative accounting is considered as one of interesting subject in accounting studies and it is well-defined as conscious behavior made to reduce periodic fluctuations of earnings. Creative Accounting is a disconcerting bought up to the process of keeping books of accounts by the rules of standard accounting practices to obtain the chosen results. The study has been piloted to get an in-depth view of accounting practices employed by corporations, in India which come under Creative Accounting. It also studies the purposes and causes of agreeing such untrue exercise by the financial corporations. It was also noticed that constant use of accounting misleads the basic objective of making accounts and financial reports and threatens the integrity of financial recording. Motivationally, creative accounting is a qualitative item affected by several factors. A brief explanation of practices employed by the Indian Financial Sector namely HDFC Bank, ICICI Bank, Nagarjuna Finance Ltd, Home Trade, CRB Capital markets Ltd etc. has been shown. This article is also an effort to learn the relation between Creative Accounting and Practices in Indian financial sector which also encloses the analysis of possible solutions for the creative accounting problem.
Article Details
Unique Paper ID: 153806

Publication Volume & Issue: Volume 8, Issue 8

Page(s): 52 - 57
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