What is conduit debt? Why are governments required to report it only in notes to their nancial

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What is conduit debt? Why are governments required to report it only in notes to their ﬁnancial statements, not on their balance sheets?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:50 AM

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What is conduit debt? Why are governments required to report it only in notes to their nancial

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Conduit debt represents bonds or similar instrument...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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