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What is creative accounting

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Reference no: EM132894085

Luckin, which competes with Starbucks, had been one of China's few successful US stock market listings last year. The company had 3,680 stores as of the end of September, according to its third-quarter 2019 earnings release. That represents an almost six-fold increase since June 2018.

Problem 1. What are the background and reasons that Luckin Coffee plunged 80% in a single day?

Problem 2. What is "creative accounting"? How to avoid it in practice?

Attachment:- Luckin.zip

Reference no: EM132894085

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