FINANCIAL INFORMATION ABOUT RISKS: CONTINGENT AND INCIDENTAL LIABILITIES

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José Gerardo De La Vega Meneses
José Gerardo De La Vega Meneses
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Dr. Jos Gerardo De La Vega Meneses  y MarAa Josefina Rivero Villar
Dr. Jos Gerardo De La Vega Meneses y MarAa Josefina Rivero Villar

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FINANCIAL INFORMATION ABOUT RISKS: CONTINGENT AND INCIDENTAL LIABILITIES

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Abstract

This research propose the convenience of take into account the incidental liabilities in financial reporting about risks, in order to generate better financial information as a result of lack of criteria not only at international financial reporting standards, also in the United States, United Kingdom, Spain and Mexico. This research identifies and describes several risk ratings, considering the points of view of academics and in addition, considering the best practices of several well known multinational companies, focusing on the hospitality industry. Subsequently, the research concludes with a proposal in order to disclose incidental liabilities inspired by the format as international financial reporting standards provide, becoming this an unpublished material that contributes to standardization in the disclosure of risks across financial reporting standards.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

José Gerardo De La Vega Meneses. 1970. \u201cFINANCIAL INFORMATION ABOUT RISKS: CONTINGENT AND INCIDENTAL LIABILITIES\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 11 (GJMBR Volume 11 Issue A3): .

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GJMBR Volume 11 Issue A3
Pg. 81- 89
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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This research propose the convenience of take into account the incidental liabilities in financial reporting about risks, in order to generate better financial information as a result of lack of criteria not only at international financial reporting standards, also in the United States, United Kingdom, Spain and Mexico. This research identifies and describes several risk ratings, considering the points of view of academics and in addition, considering the best practices of several well known multinational companies, focusing on the hospitality industry. Subsequently, the research concludes with a proposal in order to disclose incidental liabilities inspired by the format as international financial reporting standards provide, becoming this an unpublished material that contributes to standardization in the disclosure of risks across financial reporting standards.

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FINANCIAL INFORMATION ABOUT RISKS: CONTINGENT AND INCIDENTAL LIABILITIES

Dr. Jos Gerardo De La Vega Meneses  y MarAa Josefina Rivero Villar
Dr. Jos Gerardo De La Vega Meneses y MarAa Josefina Rivero Villar

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