When information reaches the stage where it can harm you, let's say in
litigation, you need to create a contingent liability account in order to
capture how much (in dollar terms) you anticipate the exposure to be. Now,
I'm not an accountant, but from what I can find out an asset cannot be
transformed into a liability (please correct me if I'm wrong). However,
assets that expose organizations to financial risk, can be accounted for by
using contingent liability accounts.
http://christianpwalker.wordpress.com/2014/04/07/when-information-becomes-a-liability/http://bit.ly/1lQpXichttp://bit.ly/1lQpXic+
List archives at http://lists.ufl.edu/archives/recmgmt-l.html
Contact [log in to unmask] for assistance
To unsubscribe from this list, click the below link. If not already present, place UNSUBSCRIBE RECMGMT-L or UNSUB RECMGMT-L in the body of the message.
mailto:[log in to unmask]