1 Accountants agree that creative accounting is a good thing. 2 Off-balance-sheet accounting is one way of creative accounting - there are others. 3 Creative accounting is sometimes used to try and attract more 4 Accountants are allowed some flexibility in the way they present accounts. 5 Leasing is actually illegal. 6 Big profits mean paying less tax. 7 When a company leases an asset, the accountant doesn't have to include it in the accounts.