IDEAS home Printed from https://ideas.repec.org/a/alu/journl/v1y2011i13p3.html
   My bibliography  Save this article

From Creative Accounting Practices And Enron Phenomenon To The Current Financial Crisis

Author

Listed:
  • Dana Simona Gherai

    (University of Oradea)

  • Diana Elisabeta Balaciu

    (University of Oradea)

Abstract

The aim of this paper is to bring into attention the creative accounting phenomenon. Typesof creative accounting practices has been examined comparing scandals occurred in large companiesin the last two decades. In order to realize this scope we define the concept of creative accounting andits various forms, and we try to figure the reasons why we came into a financial crisis again, even if thehistory taught us that the risks are very large. We discuss the implication of creative accounting in thecurrent financial crisis because many financial enterprises have sought state support within a shortperiod of receiving unqualified audit opinion. The research method is a deductive one, fundamentaltype that give us the necessary prerequisites for future research. We believe that creative accountingpractices will not disappear unless the causes which have given rise to them will disappear, too.Therefore, although driven by the intention to limit creative accounting, the accounting normalisersmust take into account the circumstances that allow its expression under close supervision.

Suggested Citation

  • Dana Simona Gherai & Diana Elisabeta Balaciu, 2011. "From Creative Accounting Practices And Enron Phenomenon To The Current Financial Crisis," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(13), pages 1-3.
  • Handle: RePEc:alu:journl:v:1:y:2011:i:13:p:3
    as

    Download full text from publisher

    File URL: http://oeconomica.uab.ro/upload/lucrari/1320111/03.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Higson, Chris, 2001. "Intangibles: Management, Measurement, and Reporting: by Baruch Lev, Washington, DC, Brookings Institution Press, 2001, pp. viii+216," The International Journal of Accounting, Elsevier, vol. 36(4), pages 501-503, 012.
    2. Sikka, Prem, 2009. "Financial crisis and the silence of the auditors," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 868-873, August.
    3. repec:eee:crpeac:v:19:y:2008:i:2:p:222-254 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:eco:journ1:2017-02-39 is not listed on IDEAS
    2. Ndebugri, Haruna & Tweneboah Senzu, Emmanuel, 2017. "Analyzing the critical effects of creative accounting practices in the corporate sector of Ghana," MPRA Paper 81113, University Library of Munich, Germany, revised 04 Sep 2017.
    3. Fizza Tassadaq & Qaisar Ali Malik, 2015. "Creative Accounting and Financial Reporting: Model Development and Empirical Testing," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 544-551.

    More about this item

    Keywords

    creative accounting; fraud; audit; financial statements.;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:1:y:2011:i:13:p:3. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan-Constantin Danuletiu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.