摘要：The purpose of this paper is to demonstrate the effect that different accounting policies have on the outcome of an enterprise,this effect being represented either earnings growth or diminishing it. Deprecation policy,the policy related to inventory,policy provisions and related policy borrowing costs are some of the many other possibilities which affect the content of financial statements. Because national and international accounting standards give businesses the flexibility to choose between different policies,managers take advantage of existing loopholes and draw on creative accounting,so that it answers to the needs of the management team.
