SciELO - Scientific Electronic Library Online

 
vol.14 special issue 36Comparative analysis of the accounting and financial management of inventories between the full IAS 2, IFRS SMEs Section 13th, and Decree 2706 Chapter 8th author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Cuadernos de Contabilidad

Print version ISSN 0123-1472

Abstract

RENDON-ALVAREZ, Bibiana; RODRIGUEZ-BOLANOS, Janeth  and  RIASCOS-GOMEZ, Paola Andrea. Impact Analysis of institutional equity of credit unions facing the implementation of the IFRS. Case of the cooperatives from the Valle del Cauca. Cuad. Contab. [online]. 2013, vol.14, n.spe36, pp.881-901. ISSN 0123-1472.

This paper presents results of an exploratory research. It aimed to identify changes in the institutional equity from the application of IFRS in the cooperative sector mentioned above. The work includes the analysis of 18 entities that were the subject of the study, based on the information they reported to the Confederation of Colombian Cooperatives, CONFECOOP in the specified period. It is concluded that, on convergence, only 20.75% of social contributions satisfies the condition of assets, equivalent to $31,961 million pesos and the institutional capital would change from 91.70% to represent 81.10% which is equivalent to $78,063 million pesos. This article shows how they would contribute to improve the impact of social contributions under the IFRS if they set their irreducible minimum capital above the one set in the Act 454 of 1998.

Keywords : Cooperatives; equity; institutional capital; irreducible minimum capital; financial instruments; International Financial Reporting Standards; Cooperative societies; financial instruments; financial information-standards; international accounting standard.

        · abstract in Spanish | Portuguese     · text in Spanish     · Spanish ( pdf )