I guess an example of off-balance sheet finance like lease agreement is that a director leases an asset to avoid a debt. And instead of recording a lease liability as per IFRS 16, he records an operating lease and doesn't show a lease liability at all. Then he might try and raise profits in some other method to offset the lease payments going through profit and loss account. Also I was wondering what other unethical means could they possibly employ after so many had already been pointed out and then he said slave labor. That was so funny.
I guess an example of off-balance sheet finance like lease agreement is that a director leases an asset to avoid a debt. And instead of recording a lease liability as per IFRS 16, he records an operating lease and doesn't show a lease liability at all. Then he might try and raise profits in some other method to offset the lease payments going through profit and loss account.
Also I was wondering what other unethical means could they possibly employ after so many had already been pointed out and then he said slave labor. That was so funny.