Problem of accounting off-balance liabilities at the evaluation of business

The author considers the problem of evaluating liabilities and ignoring the analysis of off-balance sheet liabilities of the company in assessing its market value. It justifies the need to take into account those. Shows how issued guarantees for third parties affect the market value of a business. He reveals the concept of “off-balance sheet obligations” using the example of account 009. He concludes that it is necessary to standardize the assessment of obligations and further elaborate on the topic by the Russian valuation community.