(a) Explain what is meant by off-balance sheet finance. (150 words) (b) Explain the problems of making...
Question:
(a) Explain what is meant by ‘off-balance sheet finance’. (150 words)
(b) Explain the problems of making comparisons of accounting information for companies in two countries where country A allows companies to use off-balance sheet finance, but country B has an accounting standard which discourages offbalance sheet finance devices. (150 words)
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a Offbalance sheet finance refers to a financial arrangement where certain assets liabilities or fin...View the full answer
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