Application of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country

The aim of this work is to study the effects that the implementation of a new accounting regulatory framework, which involved the application of the IAS 32, has caused on the equity of worker cooperatives in the Basque Country. On the one hand, we have analyzed different decisions that cooperatives...

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Autores principales:	Miguel Ángel Zubiarre Artola, Lorea Andicoechea Arondo, Ainhoa Saitua Iribar
Formato:	article
Lenguaje:	EN ES
Publicado:	AECOOP Escuela de Estudios Cooperativos 2015
Materias:	cooperativas de trabajo asociado regulación contable armonización internacional patrimonio neto capital solvencia. Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/86a67f33995647de8748347b8808ac38
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spelling	oai:doaj.org-article:86a67f33995647de8748347b8808ac382021-11-12T13:14:35ZApplication of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country1135-66181885-803110.5209/rev_REVE.2015.n118.49061https://doaj.org/article/86a67f33995647de8748347b8808ac382015-05-01T00:00:00Zhttp://revistas.ucm.es/index.php/REVE/article/view/49061https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031The aim of this work is to study the effects that the implementation of a new accounting regulatory framework, which involved the application of the IAS 32, has caused on the equity of worker cooperatives in the Basque Country. On the one hand, we have analyzed different decisions that cooperatives have adopted in their assemblies to protect the consideration as equity of members´ shares and others funds that are recoverable by members when they leave the cooperative. Furthermore, we have studied the effect that the accounting policy change has on the core variables of equity and in financial solvency ratios of these companies. According to our results, the accounting policy change did not have a significant impact on the equity of most worker cooperatives of Basque Country, mainly due to the fact, they have opted to change their statutory rules in order to protect cooperative´s equity from the new accounting framework. However, we have found that the cooperatives have not adapted their statutes have been forced to make reclassifications from equity to liability, which have entailed a very significant impact on equity.Miguel Ángel Zubiarre ArtolaLorea Andicoechea ArondoAinhoa Saitua IribarAECOOP Escuela de Estudios Cooperativosarticlecooperativas de trabajo asociadoregulación contablearmonización internacionalpatrimonio netocapitalsolvencia.Economics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 118, Iss 0, Pp 180-201 (2015)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	cooperativas de trabajo asociado regulación contable armonización internacional patrimonio neto capital solvencia. Economics as a science HB71-74
spellingShingle	cooperativas de trabajo asociado regulación contable armonización internacional patrimonio neto capital solvencia. Economics as a science HB71-74 Miguel Ángel Zubiarre Artola Lorea Andicoechea Arondo Ainhoa Saitua Iribar Application of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country
description	The aim of this work is to study the effects that the implementation of a new accounting regulatory framework, which involved the application of the IAS 32, has caused on the equity of worker cooperatives in the Basque Country. On the one hand, we have analyzed different decisions that cooperatives have adopted in their assemblies to protect the consideration as equity of members´ shares and others funds that are recoverable by members when they leave the cooperative. Furthermore, we have studied the effect that the accounting policy change has on the core variables of equity and in financial solvency ratios of these companies. According to our results, the accounting policy change did not have a significant impact on the equity of most worker cooperatives of Basque Country, mainly due to the fact, they have opted to change their statutory rules in order to protect cooperative´s equity from the new accounting framework. However, we have found that the cooperatives have not adapted their statutes have been forced to make reclassifications from equity to liability, which have entailed a very significant impact on equity.
format	article
author	Miguel Ángel Zubiarre Artola Lorea Andicoechea Arondo Ainhoa Saitua Iribar
author_facet	Miguel Ángel Zubiarre Artola Lorea Andicoechea Arondo Ainhoa Saitua Iribar
author_sort	Miguel Ángel Zubiarre Artola
title	Application of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country
title_short	Application of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country
title_full	Application of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country
title_fullStr	Application of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country
title_full_unstemmed	Application of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country
title_sort	application of order eha/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the basque country
publisher	AECOOP Escuela de Estudios Cooperativos
publishDate	2015
url	https://doaj.org/article/86a67f33995647de8748347b8808ac38
work_keys_str_mv	AT miguelangelzubiarreartola applicationofordereha33602010overaccountingissuesoncooperativesocietieseffectsonownfundsincooperativesofthebasquecountry AT loreaandicoecheaarondo applicationofordereha33602010overaccountingissuesoncooperativesocietieseffectsonownfundsincooperativesofthebasquecountry AT ainhoasaituairibar applicationofordereha33602010overaccountingissuesoncooperativesocietieseffectsonownfundsincooperativesofthebasquecountry
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Application of order EHA/3360/2010 over accounting issues on cooperative societies: effects on own funds in cooperatives of the Basque Country

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