Abstract
This study is an empirical investigation of creative accounting practices in
the Nigerian banking industry. To achieve the purpose of this study research
questions were raised, hypotheses were formulated, and a review of related
literature was made. The population of this study consisted of 25 managers
and 25 accountants drawn from the twenty-five (25) recapitalized banks
currently operating in the Federal Capital Territory (FCT)- Abuja. In order
to collect the necessary data for this study, the survey method of research
design was adopted and the primary method of data collection was
employed. The major instrument used for generating the primary data was
the questionnaire, which was designed in five-response option of LikertScale.
The data generated for this study were analysed through mean scores
while the stated hypotheses were statistically tested with Z-test. Our findings
revealed that) the major reason for creative accounting practices in Nigerian
banks is to boost the market value of shares; users of accounting information
are adversely affected by the practice of creative accounting;) accounting