Stewardship: the core of cooperative accounting

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dc.creator Robb, Alan
dc.date.accessioned 2012-10-19T17:27:01Z
dc.date.available 2012-10-19T17:27:01Z
dc.date.issued 2012
dc.identifier.other A2-JCAR-2102-1-1
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/24728
dc.description.abstract Stewardship is a core feature of accounting for cooperatives in contrast to investment oriented accounting for capitalist companies. The right to redemption of capital in cooperatives had no parallel in investor-owned companies and is central to understanding cooperative accounting. Generally accepted accounting principles for business enterprises in the twentieth century were influenced by distortionary concepts such as the pre-eminence of income measurement and the matching concept. The development of formalized accounting standards based on the needs of investor-owned businesses has been at the expense of stewardship function. Cooperatives and other mutuals are right to resist the pressure to conform to such standards and should report in ways that recognize the importance of stewardship in the twenty-first century.
dc.description.provenance Submitted by Tara Rumsey (tara.rumsey@smu.ca) on 2012-10-19T17:27:01Z No. of bitstreams: 1 A2-JCAR-2102-1-1.pdf: 293642 bytes, checksum: 566b6c09e68c6366e90fa979d1c90f65 (MD5) en
dc.description.provenance Made available in DSpace on 2012-10-19T17:27:01Z (GMT). No. of bitstreams: 1 A2-JCAR-2102-1-1.pdf: 293642 bytes, checksum: 566b6c09e68c6366e90fa979d1c90f65 (MD5) Previous issue date: 2012 en
dc.language.iso en en_CA
dc.publisher Centre of Excellence in Accounting and Reporting for Co-operatives, Saint Mary's University en_CA
dc.subject.lcsh Cooperative societies -- Accounting
dc.title Stewardship: the core of cooperative accounting en_CA
dc.type Text en_CA
dcterms.bibliographicCitation Journal of co-operative accounting and reporting 1(1), 19-27. (2012)
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