UNIVERSIDAD DE LOS LLANOS

FACULTAD DE CIENCIAS ECONOMICAS

ESCUELA DE ADMINISTRACION Y NEGOCIOS
PROGRAMA DE CONTADURÍA PÚBLICA

Language Center
University of Llanos
Bull - Module 3 - IPA 2021
Classroom Project
Teacher: Ricardo Valencia Muelas
Seat of the University: San
Antonio Schedule: Monday 2:00 p.m. to 6:00 p.m.
Students´ degree: Public Accounting
Students: Natalia Delgadillo Chavez
Laura Daniela Espitia Olarte
Carolina Gaitan Ortiz
Lina Maria Lugo Gomez
Creative Accounting
Title  
Creative accounting is the ability to improve accounting
practice, based on the consolidation of accounting knowledge
oriented towards the common good, where it gives the expert
the ability to experiment and generate ideas that facilitate
his/her professional practice; even so, the specialist has
experienced a certain degree of confusion some time ago when
defining creative accounting, as this concept has been distorted
and its interpretation has been manipulated in an erroneous
way, violating the laws and manipulating the control system,
ruining the Direct the professional profile of the public
accountant who contributes honestly and loyally.
Introducction
This research has emerged as a relevant line of research in
accounting and professional ethics where it is intended to
analyze the perception of the professional about the use of
creativity implementation in his/her work, making visible two
positions in this object of study, one of them directed to fraud
and the other towards the generation of knowledge.
To answer to the object of study, it is essential to study the
archeology (epistemology) of the concept of creativity to
mediate between the positions that are presented from the
perspectives of different authors. On the other hand, this
research aims to leave a space for conceptual understanding
and discussion of a latent phenomenon in the profession.
Rationale  
Objectives General purpose
 UNIVERSIDAD DE LOS LLANOS
FACULTAD DE CIENCIAS ECONOMICAS
ESCUELA DE ADMINISTRACION Y NEGOCIOS
PROGRAMA DE CONTADURÍA PÚBLICA

Describe the application of creativity criteria by accounting

professionals.
Specific objectives
-Identify the pertinent information to establish the conceptual
relationship about creative accounting and creativity.
- Analyze the information obtained from the analysis unit with
a view to theoretical and conceptual information.
-Improve the 4 language skills of English through this work.
 
Theoretical Framework As support for the object of study, theories such as accounting,
knowledge and creativity are taken into account.
When talking about accounting theory, reference is being
made to a set of rules, which govern and guide the
professional, so that in the end, relevant and reliable
information can be obtained as a result, this is how authors
such as Gil ( 2007, as cited in Eutimio et al, 2010), who states
that “The domain of accounting law is given by a system of
norms that prescribe actions, procedures and attitudes that
culminate in a representation of the emerging economic,
financial and patrimonial reality of transactions in entities-
companies ”(p. 66).
Knowledge as the basis not only of science but also of the
practice of accounting itself, occurs because this is objective, it
analyzes the reality of the facts, also understands and acquires
information from experiences; which generate the individual
intellectual development; Ramírez (2009), says "Knowledge,
as it is conceived today, is the progressive and gradual process
developed by man to apprehend his world and realize himself
as an individual, and a species" (p. 218).
In view of the fact that the object of study of the research is
creative accounting, it is necessary to make an approach to
what is the epistemology of creativity seen from some theorists
such as Gervilla (1992, as cited in Esquivas, 2004), who states
that "Creativity is the ability to generate something new, be it a
product, a technique, a way of approaching reality" (p. 6). In
this way, it can be stated that the human being has faced
various situations, whether unknown or repetitive, that do not
allow him to have comfort when developing his skills, for this
reason he is always in constant change and in the search for
solutions to your discomforts

From the previous theoretical conceptions, the concepts that

 UNIVERSIDAD DE LOS LLANOS
FACULTAD DE CIENCIAS ECONOMICAS
ESCUELA DE ADMINISTRACION Y NEGOCIOS
PROGRAMA DE CONTADURÍA PÚBLICA

are related to the object of study are explained below, and they
help to contextualize the development of the research; which
are fraud and generally accepted principles of the
accountant.

Fraud is a practice that is increasingly common today, it is

known as deception and presentation of erroneous information
in order to obtain some benefit, which is generally economic.
In accounting constitutes the manipulation of financial
statements in order to show an unreal image of an entity.

When speaking of principles according to (Decree No. 2649,

1993), it indicates that “accounting principles or standards
generally accepted in Colombia are understood as the set of
basic concepts and rules that must be observed when recording
and reporting accounting on the affairs and activities of natural
or legal persons ”(parr. 1).
 
A qualitative approach research is proposed for the
development of the object of study. This approach acquires
importance because it closes the reality of the subjects, in this
case the accounting professionals.
The investigation is developed with the descriptive method;
because the information collected goes through a process of
identification, analysis and construction that gives an answer to
the question and the development of the objectives.
Methodology  
Result The conception of the word “creativity” and the perception
that people have about “creative accounting” today, is
erroneous distorted, leading it to homogenization with the term
“fraud”. It is difficult to clarify when the concept of creative
accounting was deformed, changing to the conception that it
refers to “fraud” or “deception”, this is because professionals
decided to manipulate their knowledge and make it reflect non-
existent realities in practice.
Nowadays it is very difficult to explain if creative accounting
is applied knowledge to improve the accounting system or a
method that allows the professional to play with the rules in an
inappropriate way, lacking the generally accepted accounting
principles, so that it is not seen only from the skills and
knowledge that human beings possess to improve and
innovate.
 UNIVERSIDAD DE LOS LLANOS
FACULTAD DE CIENCIAS ECONOMICAS
ESCUELA DE ADMINISTRACION Y NEGOCIOS
PROGRAMA DE CONTADURÍA PÚBLICA

 
Conclusions  
References