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Impressions Management involves: a. Misrepresentation of financial numbers. b. Using pictures or distorting graphs to...

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Accounting

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Impressions Management involves: a. Misrepresentation of financial numbers. b. Using pictures or distorting graphs to control the narrative of how the information is presented. c. Utilizing accounting alternatives to prepare statements with primacy towards the preparer, rather than the user. d. Creating fictitious sales to boost revenues. e. All of these. Clear my choice Why might managers be tempted to engage in creative accounting practices: a. To increase the company's market value. b. To achieve performance goals that trigger management incentives. c. To meet certain requirements imposed by outside parties. d. All of the above. Clear my choice Which of these player's operate in the fraud environment only (as opposed to both the creative accounting and fraud environment): a. Managers. b. Investors. c. Legal Authorities. d. Financial Analysts. Clear my choice What are the three (3) elements of the fraud triangle: a. Pressure, Motivation, Weakness b. Pressure, Rationalization, Opportunity c. Motivation, Influence, Lack of Controls d. Influence, Weakness, Motivjation Clear my choice The easiest way to eliminate fraud cases and accounting scandals are to eliminate accounting alternatives Select one: True False

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