Managerial accountants----Watch out!

All the things what i'm going to talk about are totally personal opinion, and the inspiration is from a case study of Managerial accounting.
Yesterday, I read a case about MA, it was said about a company which suffered net profit deduction in early 1970's. However, the company was also urgent need some loan from the bank to increase its volume of production. The income statement represented the bad achievement of the company at that time, so the manager decided to do some revise on that which could make the income statement looks better. But, he had no idea what should he do, so the question is about how we can help him to revise the income statement, and make the net profit looks more. After reading, I was shocked by the case and realized that a good accountant must be smart enough. Why? because he should know how to use his skill to change not only a income statement, but also " the achievement of the company". Also, I connect this case study to our real life at the present. Assume the case is true and that company finally get the loan from the bank, don't you think it's a kind of cheat? If there is a company which has a terrible net profit, and also wants to get the money from bank, wether the account from the company rivise the income statement and get the money? Don't you think most of the commercial defrauds are act like the same as this case study? For me, I don't know exactlly if we can call this a cheat, but I think there is a boundary of revise equitable. if we across the boundary, that means the criminal is happening. So managerial accountants you'd better watch out!