Introduction

Ron Paterson

Chapter 1 in Off Balance Sheet Finance, 1993, pp 3-5 from Palgrave Macmillan

Abstract: Abstract Off balance sheet finance can be difficult to define, and this poses the first problem in writing about the subject. Intrinsic in the term is the presumption that certain things belong on the balance sheet and that those which escape the net are deviations from this norm. But, as we shall see, there are as yet no authoritative principles which determine conclusively what should be on the balance sheet and when. It is the aim of the Accounting Standards Board to establish such principles and thereby to regulate off balance sheet finance; this is the approach taken by the recent exposure draft on the issue, FRED 4, which in turn is based on the Board’s wider Statement of Principles project.

Keywords: Balance Sheet; Loss Account; Detailed Rule; Limited Ownership; Revenue Recognition (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12613-2_1

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DOI: 10.1007/978-1-349-12613-2_1

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