What are the consequences of creative accounting in general, and for your selected company? Provide an illustration of how the accounts of your selected company were manipulated through creative accounting.

(a) How do managers indulge in creative accounting? Your answer should provide a structured overview of approaches plus an in-depth analysis of the creative accounting issue evident in practice for your selected company.
(b) To what extent do accounting theories explain the incentives for management to engage in creative accounting? To what extent do these theories explain the incentives for management to engage in creative accounting at your selected company?
(c) What are the consequences of creative accounting in general, and for your selected company? Provide an illustration of how the accounts of your selected company were manipulated through creative accounting. Your answer should include relevant financial ratio analysis including an interpretation and discussion of your findings. Benchmark your findings against an appropriate competitor.