Motivation Creative Accounting Practices In Srilanka : Prespective of Accounting Professionals

Abstract

Creative accounting has become very interesting topic recent{y in the overall world. Despite the wide spread of creative accounting practices, the academic studies are still few in Sri Lankan context. The area techniques, reasons, and prevention of creative accounting practices were varied. The Purpose of this study is to measure the Level of Motivation of Creative Accounting Practices in Sri Lanka: Perspective of Accounting Professionals. The study attempt to fillthis knowledge gap. The objective of the study is to identify the level of Management Expectations, Shareholders' Expectations, Internal Control Effectiveness, Relative Advantages, Competitive Performance, and Government Regulations, identify how the level of factors varies with the general information. To achieve these objectives data was collected from 78 accounting professionals using structured questionnaire through google forms. The five Likert point scale was used which ranging from "Very low level" to "Very high level". Convenience sample method used to make sampling framework of the study and the data were analysed through Univariate analysis by using IBM SPSS Statistics 22. The results show that high influencing level of shareholders' expectations and competitive performance, moderate influencing level of management expectations, internal control effectiveness, relative advantages, and government regulations to the factors of creative accounting practices. According to the perspective of accounting professionals, this results shows the overall level of these motivation moderate level fo the creative accounting practices in Sri Lanka.