To stem the growing occurrences of
off-balance-sheet financing, in 2005 the Securities & Exchange Commission (SEC) issued its long-awaited report that called for changes in lease accounting standards.
Full-fledged debt reduction should start in 2013, when the company closes divestment deals, sees strategic investors entering the capital, and receives
off-balance-sheet financing from VEB.
We will show why
off-balance-sheet financing is one of the major reasons that we need to eliminate overly rules-based standards, clearly state the economic objective of each standard, and require firms to disclose the economic motivations for the accounting practices they adopt.
This form of
off-balance-sheet financing can keep a large liability off the lessee's balance sheet and improperly reflect the economic substance of the transaction.
Conversely, the luster is gone from
off-balance-sheet financing, in light of SOX and SEC concerns.
As ABS transactions help issuers to improve their returns through
off-balance-sheet financing and longer-term securities (Bhattacharya and Fabozzi, 2001; Fabozzi, 1996), this type of securitisation has been and continues to be a popular funding source for many financial institutions and corporations.
Often, they aim to minimize fixed-asset investments through such measures as strategic alliances,
off-balance-sheet financing and outsourcing.
Chief financial officers and other top financial professionals team up with AICPA and CFO.com experts to help you manage complex issues pertaining to
off-balance-sheet financing, auditing, ERISA, XBRL, corporate disclosure, financial reporting, treasury management and more.
This is an important step in the proper treatment of
off-balance-sheet financing.Ever since the Lisbon European Council endorsed the Commission's Financial Services Action Plan as a key element of the creation of an integrated financial services market, the Commission has been putting in place the elements to make it work.
million of long-term debt obligations and $44 million of
off-balance-sheet financing arrangements relating to its Florida operations.
The latest arrangement with Shurgard adds to Kalikow Development's growing "land banking" and
off-balance-sheet financing business.