The role of creative account and its manifestation

In the article the concept of "creative accounting", the preconditions of its origin and its implementation is investigated. The negative and positive influence on formation of accounting policy is determined. The ways of preventing the practice of creative accounting are proposed. Separate methods and reasons for applying creative accounting and manipulation of financial statements. The basic objects, to which the creative accounting is most often used, is determined. It is proved that mechanisms of financial reporting manipulation, even within the framework of legislation, to some extent lead to abusive accounting. This affects the credibility of users of financial reporting. Therefore, it is proposed to use the concept of "creative methods" of accounting within the framework of legislation, but not "creative accounting".