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pasivo oculto

English translation: hidden liabilities

09:30 Dec 27, 2000
Spanish to English translations [Non-PRO]
Law/Patents
Spanish term or phrase: pasivo oculto
libreaciones de fondos a favor del fiduciante
sibila
English translation:hidden liabilities
Explanation:
HERE IS APAGE (INTRODUCTION) HERE THAT MIGHT BE USEFUL TO YOU (there are 13,700 refs on Google to the term)

http://www.google.com/search?q=cache:www.nap.edu/AAUP/HTML/h...

Hidden Liabilities
Liabilities are debts owed to another person or entity, obligations incurred for which payment or assignment of limited resources is due.
Liabilities are generally easy to identify. When purchasing goods or services, the transactions are clear. Something has been received and a liability has been incurred. That liability is called a payable. These liabilities are rarely overlooked because of the regular collection procedures normally enforced by suppliers.
Liabilities can also arise from more subtle developments that transpire with the passage of time or with changes in conditions that affect our business. The very nature of our business—publishing—also gives rise to certain other liabilities. These liabilities could be hidden in a variety of ways. They usually arise from a failure to identify or recognize change, or from over-optimism in projecting revenues.
As financial managers it is important to be able to detect changes as they happen and to address how these changes affect our business and how they should be reflected when preparing financial statements.
For the purposes of this paper, we will use the framework of financial statements—balance sheet and profit/loss statement—to identify what these hidden liabilities might be.

Selected response from:

Lia Fail (X)
Spain
Local time: 05:49
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
nahidden liabilities
Lia Fail (X)


  

Answers


45 mins
hidden liabilities


Explanation:
HERE IS APAGE (INTRODUCTION) HERE THAT MIGHT BE USEFUL TO YOU (there are 13,700 refs on Google to the term)

http://www.google.com/search?q=cache:www.nap.edu/AAUP/HTML/h...

Hidden Liabilities
Liabilities are debts owed to another person or entity, obligations incurred for which payment or assignment of limited resources is due.
Liabilities are generally easy to identify. When purchasing goods or services, the transactions are clear. Something has been received and a liability has been incurred. That liability is called a payable. These liabilities are rarely overlooked because of the regular collection procedures normally enforced by suppliers.
Liabilities can also arise from more subtle developments that transpire with the passage of time or with changes in conditions that affect our business. The very nature of our business—publishing—also gives rise to certain other liabilities. These liabilities could be hidden in a variety of ways. They usually arise from a failure to identify or recognize change, or from over-optimism in projecting revenues.
As financial managers it is important to be able to detect changes as they happen and to address how these changes affect our business and how they should be reflected when preparing financial statements.
For the purposes of this paper, we will use the framework of financial statements—balance sheet and profit/loss statement—to identify what these hidden liabilities might be.



Lia Fail (X)
Spain
Local time: 05:49
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 1368

Peer comments on this answer (and responses from the answerer)
Yolanda Broad
Gabriela Mellado
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