Off Balance Sheet Financing Definition List Of Obs Items
What is Off-Balance Sheet Financing? It is a liability that is not directly recorded on the company’s balance sheet. Off-balance sheet items carry enough significance because even if they are not recorded on balance sheetRecorded On Balance SheetA balance sheet is one of the financial statements of a company that presents the shareholders’ equity, liabilities, and assets of the company at a specific point in time. It is based on the accounting equation that states that the sum of the total liabilities and the owner’s capital equals the total assets of the company....