Creative accounting is the alteration of accounting figures from what they actually are to what perpetrators desire by exploiting the loopholes of the existing rules and/or ignoring some or all of them(Gosh, 2010).
Insider dealing refers to a situation where an insider or a related party trades based on price sensitive non-public information obtained during the performance of the assigned duties at the corporation, it also involves breach of trust and confidence or where the confidential information was misappropriated from the company (Bewaji, 2012).
Try searching using keywords such as "earnings management+insider trading."
Every methods has some limitations and merit no one find best method but your can find balance method any how there are some methods you can apply such as
1. Income smoothing model
2.Window Dressing
3.Creation of Secret Reserves
4.Off Balance sheet financing
Try to minimize said limitation you can develop or search for Comprehensive conceptual framework for financial reporting
Earning management actually this can be use as tool for risk management , any managers can smoothing firm income by apply this, it is like a immunization .
Insider dealing related to information which is provided by firm or security market. by using this they can articulate market operations for take benefits or misleading the others
well, creative accounting is one of the names for the earnings manipulation or earnings management. so, before answering your question its reasnobale to ask whether out siders realize the earnings management or creative accounting practices. In fact Iam working on this topic and I have found that investors fail to realize the earnings management correctly. ultimately, I belive that there might be a relationship between creative accounting practices and the insider dealing
The paper that comes to mind on the topic is:
Insider Trading, Earnings Quality, and Accrual Mispricing
Messod D. Beneish and Mark E. Vargus
The Accounting Review
Vol. 77, No. 4 (Oct., 2002), pp. 755-791
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