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The UK coaching pyramids in rugby essentially have five levels, with level 1 introducing individuals to coaching, whilst level 5 is tailored for those working at professional clubs or international teams. How would you describe the effects if all five levels were analysed?
Probable Loss
An anticipated financial loss that has a greater than 50% chance of occurring, often recognized in financial statements in accordance with accounting principles.
Estimable Loss
A projected financial loss that can be anticipated and measured with reasonable accuracy.
Financial Statement Disclosure
The provision of information in a company's financial statements beyond the basic financial numbers, aimed at giving a complete understanding of the company's financial health.
Lawsuit Loss
Financial loss recognized by a company due to legal judgments or settlements in lawsuits.
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