Accounting is the process which sits between reality, on the one hand, and financial statements the other. It is clear that, at the margin, the management of an entity has incentives to manipul accounting as part of a reporting strategy. Required: 1. Describe (only) one type of manipulation, including identification of the financial statemen accounts affected. (3 marks) 2. Describe how this manipulation affects measures on the financial statements. (3 marks) 3. Explain why this manipulation and its effects would be desired by management. (4 marks)