The choice of accounting methods and/or their use to achieve a particular outcome in the financial reports is known as:
A) environmental accounting
B) creative accounting
C) imaginative accounting
D) bottom of the harbour accounting

Question

Quizplus · Accepted Answer

Creative accounting refers to the use of accounting methods to manipulate financial reports in order to achieve a desired outcome, such as increasing profits or hiding losses. It is often considered unethical and is sometimes illegal. Environmental accounting refers to the practice of incorporating environmental factors into financial reporting. Imaginative accounting and bottom of the harbour accounting are not commonly used terms in accounting.

The Choice of Accounting Methods And/or Their Use to Achieve