Believe it or not, there are certain things that companies can and do leave off of their balance sheets, or statements of financial position. These things are assets in which the company has control over or helps the owner to
Below please find a definition of “Off-Balance-Sheet Financing” Off-Balance-Sheet Financing: When a debt or asset or financial activity is not recorded on a company’s balance sheet, it is known as off-balance-sheet financing. In other words, off-balance-sheet financing does not include