ENGLISH

Off Balance Sheet Finance

By Ron Paterson (auth.)

Book information

Publisher
Palgrave Macmillan UK
Year
1993
ISBN
978-0-333-56041-9, 978-1-349-12613-2
DOI
10.1007/978-1-349-12613-2
Language
english
Format
PDF
Filesize
17 MB (18330637 bytes)
Edition
1
Pages
X, 205\204
Time added
2017-06-25 01:07:36
general;Business and Managementgeneral;Financial AccountingMacroeconomics/Monetary Economics//Financial Econo

Description

In recent years the capital markets have developed into ever more complex areas, and banks have competed with each other to develop more sophisticated and innovative methods of financing. The pace of this innovation has often outstripped the development of rules for financial reporting. Off balance sheet finance is one particular area where the standard-setters are only now catching up. The Accounting Standards Board recently published a further exposure draft on the subject. FRED 4 - Reporting the substance of transactions - and Part 1 discusses in detail how it will affect the accounting treatment of various forms of off balance sheet finance. The exposure draft is reproduced in full in Part 2. Off Balance Sheet Finance will be an indispensable guide for bankers, other financiers, accountants and lawyers.

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