Why is off-balance-sheet finance a problem in accounting

Assignment Help Financial Accounting

Reference no: EM13947331

1. What is the purpose of a highlights statement?

2. How does a five-year summary of historical results help investors?

3. Which items are reported on a segmental basis?

4. How are segments identified?

5. Why is off-balance-sheet finance a problem in accounting?

6. What principles are recommended by the UK ASB for determining whether assets and liabilities should be reported on the statement of financial position (balance sheet)?

7. How does segmental information help the users of financial statements?

Reference no: EM13947331

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