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Co-operatives and the Equity-Liabilities Puzzle: Concerns for Accounting Standards Setters

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Co-operatives and the Equity-Liabilities Puzzle: Concerns for Accounting Standards Setters

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dc.contributor.author López-Espinosa, Germán es_ES
dc.contributor.author Maddocks, John es_ES
dc.contributor.author Polo Garrido, Fernando es_ES
dc.date.accessioned 2013-05-06T12:04:49Z
dc.date.issued 2012
dc.identifier.issn 0888-7993
dc.identifier.uri http://hdl.handle.net/10251/28575
dc.description.abstract The IASB/FASB joint project on Financial Instruments with Characteristics of Equity (formerly Liabilities and Equity) has highlighted the complexity and the associated difficulty of drawing the line between liabilities and equity. While classification difficulties have been identified for investor-owned businesses (IOB), the inconsistency of the different approaches being considered is clearer when applied to classification of the financial instruments of co-operatives whose ownership characteristics differ from the IOB model. In co-operatives the existence of an upper limit on members¿ claims on the net assets while the co-operative is a going concern is a key ownership characteristic. We have examined the characteristics of co-operative member shares in six European countries as well as in the U.S. and in Canada, in order to analyze the application of the various classification approaches under discussion by the IASB and FASB. The results of this analysis indicate that classification criteria based on ownership must take account of the fact that ownership is multidimensional and contingent on the type of firm. es_ES
dc.language Inglés es_ES
dc.publisher American Accounting Association es_ES
dc.relation.ispartof Accounting Horizons es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Equity-liabilities distinction es_ES
dc.subject IASB es_ES
dc.subject FASB es_ES
dc.subject Joint project es_ES
dc.subject Co-operatives es_ES
dc.subject Member's shares es_ES
dc.subject.classification ECONOMIA FINANCIERA Y CONTABILIDAD es_ES
dc.subject.classification ECONOMIA, SOCIOLOGIA Y POLITICA AGRARIA es_ES
dc.title Co-operatives and the Equity-Liabilities Puzzle: Concerns for Accounting Standards Setters es_ES
dc.type Artículo es_ES
dc.embargo.lift 10000-01-01
dc.embargo.terms forever es_ES
dc.identifier.doi 10.2308/acch-50208
dc.rights.accessRights Cerrado es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials es_ES
dc.description.bibliographicCitation López-Espinosa, G.; Maddocks, J.; Polo Garrido, F. (2012). Co-operatives and the Equity-Liabilities Puzzle: Concerns for Accounting Standards Setters. Accounting Horizons. 26(4):767-787. doi:10.2308/acch-50208 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion http://dx.doi.org/10.2308/acch-50208 es_ES
dc.description.upvformatpinicio 767 es_ES
dc.description.upvformatpfin 787 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 26 es_ES
dc.description.issue 4 es_ES
dc.relation.senia 240694
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