Pursuing self esteem ambitions and creative accounting, Finance Basics

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Pursuing self esteem ambitions and Creative Accounting

Pursuing power and self esteem ambitions

This is called "empire building" to enlarge the firm via acquisitions and mergers thus increase in the rewards of managers.

Creative Accounting

This includes the need of accounting policies to report high profits like example of stock valuation methods, recognizing profits and depreciation methods instantly in long term construction contracts etc.

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