| 释义 |
creative accounting Devising new financial methods, or new ways of presenting old ones, in order to evade controls on one's activities. Examples include the creation of special accounts to which transactions can be relegated so as to appear as off-balance-sheet items, or selling assets and leasing them back, thus exchanging present receipts from the sale for future liabilities in the rentals payable. Creative accounting is very useful in shifting receipts between apparent income and apparent capital gains, if these are subject to different tax rates or rules. |