OFAC and Off balance sheet finance: Difference between pages

Latest revision as of 06:36, 11 March 2023

Any form of finance that does not result in a finance liability appearing on a published balance sheet.

On double entry bookkeeping principles, the asset being financed cannot appear either.

The effect of such financing and accounting methods is to show the entity's borrowings - and financial risk - at a lower level than they really are.

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-''Sanctions - US''.
+Any form of finance that does not result in a finance liability appearing on a published balance sheet.
-The US Treasury Office of Foreign Assets Control, which administers and enforces economic and trade sanctions based on US foreign policy and national security goals.
+On double entry bookkeeping principles, the asset being financed cannot appear either.
+The effect of such financing and accounting methods is to show the entity's borrowings - and financial risk - at a lower level than they really are.
-== See also ==
-* [[Office of Financial Sanctions Implementation]]  (OFSI)
+==See also==
-* [[Sanctions]]
+* [[Balance sheet]]
+* [[Finance]]
+* [[Finance lease]]
+* [[Gearing]]
+* [[IFRS 16]]
+* [[Liabilities]]
+* [[Off balance sheet]]
+* [[Securitisation]]
+* [[Securitisation special purpose vehicle]]
 [[Category:Accounting,_tax_and_regulation]]