EXPLORATORY ANALYSIS OF DISCLOSURE OF NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS IN THE NOTES OF THE COMPANIES LISTED ON BM&FBOVESPA

Abstract

The purpose of this study was to analyze the level of disclosure of the nature and extent of risks arising from financial instruments in the Explanatory Notes (EN) of the companies listed on the BMF&BOVESPA, which are part of the industrial production sector, with a total of 31 companies. Regarding the justification on the election for the theme stands out about the value that information can cost to the company and the impact that it will get in return, which is an important fact in spreading spontaneously. The theoretical platform used as a structure for this study was about the theory of disclosure, with issues of interest to disclose information to the external environment organizations. Complementarily, it was addressed the understanding of risk management, which highlights the characterization of risk, determined by the CPC nº. 40/09 relating to its evidence. The classification of the research is understood as descriptive, documentary and quantitative with the use of multivariate analysis technique, called Principal Components Analysis (PCA) for data analysis. The results show that the user needs information to support the decision process, that is latent in the research area and is a fact that contributes to the proper analysis of the evolution of the enterprises at the environment. Regarding to the method for analysis, it was noted that there is an evidence of information in the main components, because of the existence of high grouping of information. The variable of risk exposure, both in nature and in extent, became inverted, which represents a misalignment in relation to it is presented as a foundation, but with disclosure of information.

rec� to(ڟ py� ement and disclosure and also in the Financial Statements. This research aimed to identify if changes have occurred in the financial statements arising from the public deployment of NBC T SP. The opportunity to develop this study is related to the intense search for better accounting practices, and the preparation of financial statements that convey its users reliability and transparency of public accounts, and the comparability of these statements from the authorities. In terms of methodology, the study was descriptive, documentary and qualitative . Data were collected on the websites of the surveyed entities, between the years of 2009 and 2010. The results show, from the analyzes carried out in this study, that the NBC T SP 16.6, which deals with Financial Statements, was not observed in any of the states analyzed in 2009. The situation repeated itself in 2010, with the exception of the State of Santa Catarina which presented the Statement of Cash Flows in its Balance Sheet as well as the new structure of the Balance Sheet. What can be concluded is that NBC 16.6 T was little observed by the states under review. However, NBC 16.7 T, which addresses the consolidation of financial statements, was observed by virtually all states in the two years under review, with the exception only of the state of Rio Grande do Sul.