“Cosmetic Accounting Practices in Developing Countries: Bangladesh Perspectives”

Abstract

The report finds out the cosmetics accounting practices in Developing Countries from Bangladesh Perspective. Cosmetic accounting is a process where accountants use their knowledge of accounting rules to manipulate the figures reported in the accounts of a business. This report is divided into six chapters. In the introductory part, introduction, purpose statement, and methodology of data collection and limitations of the study are illustrated. The objective of the report is to make an analysis of the cosmetic accounting practices in developing countries. The second part of the report consists of the literature review that different authors had made research on this topic. The third part of the report is based on the overview of cosmetic accounting. This part contains definitions, techniques, causes & effects, motivation, managing and ethical perspective of creative accounting. The fourth part of the report is based on the creative accounting in global perspective which expresses the views of External Auditors, Internal Auditors, and the Accountants on causes, techniques, effects, and solution for Cosmetic Accounting. Fifth part of the report is based on Enron’s fraudulent financial report analysis. Here also the need for forensic accounting for detection & prevention of cosmetic accounting has been included. The last part of the report contains conclusion & recommendations. Auditors & organizations can use recommendations to identify & remove cosmetic accounting.