Journal of Co-operative Accounting and Reporting
http://library2.smu.ca/xmlui/handle/01/25321
2024-03-29T06:26:34ZFront matter
http://library2.smu.ca/xmlui/handle/01/24731
Front matter
2012-01-01T00:00:00ZData access, availability, aspirations and action: a credit union story
http://library2.smu.ca/xmlui/handle/01/24730
Data access, availability, aspirations and action: a credit union story
What is the age distribution of credit union members and how does that age distribution compare to what we know about the broader population from census data? How many people joined credit unions because of “move-your-money” campaigns or “Occupy Bay Street”? How many rural credit unions or credit unions branches are there? How important are credit unions to the small business lending market? Do credit unions do a better job than banks in terms of providing credit and avoiding undue risk when lending to small businesses and individuals? How do credit union deposit rates and loan prices compare to the banks? How much do credit unions pay back in patronage dividends? How financially stable are credit unions relative to the banks?
2012-01-01T00:00:00ZEquity-liability accounting debate in worker co-operative entities members' shares
http://library2.smu.ca/xmlui/handle/01/24729
Equity-liability accounting debate in worker co-operative entities members' shares
It is generally accepted that common high quality financial information standards are essential in a global economy. The comparability of financial information is necessary in order to facilitate the decision-making process with regard to capital flows between different countries. This complex harmonization process focuses attention on investor-owned business. Nevertheless, this process cannot progress without an appropriate analysis of the nature of other types of entity. General criteria may be insufficient or inadequate when applied to entities, such as co-operatives, in which there is a difference from the basic ownership parameters of a company. International accounting standards setters are involved in a project that reconsiders the principles that should determine the distinction between equity and liabilities. Many of the specific characteristics of co-operatives have a bearing on the recognition and measurement of their equity in
the balance sheet. The aim of this paper is to contribute to this debate by analysing the features of co-operatives that need to be visualized and better understood in order to obtain an appropriate solution via the accounting
harmonization process for co-operatives. We analyse the possible consequences for co-operative member shares accounting of the different approaches studied by international accounting standards setters. We highlight the impact of some of the tentative decisions adopted in the IASB and FASB joint project in the case of worker co-operative members' shares.
2012-01-01T00:00:00ZStewardship: the core of cooperative accounting
http://library2.smu.ca/xmlui/handle/01/24728
Stewardship: the core of cooperative accounting
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.
2012-01-01T00:00:00ZEthics in risk management practices: insights from the Italian mutual credit co-operative banks
http://library2.smu.ca/xmlui/handle/01/24727
Ethics in risk management practices: insights from the Italian mutual credit co-operative banks
This paper explores the role of ethical values within Enterprise Risk Management practices. For the purpose of our analysis, we refer to the Italian mutual credit cooperative banks, as ethical
banks, since they are managed according to the distinguishing principles of economic and social
profitability. This paper attempts to make a contribution to existing literature, giving evidence to the
role of ethics in risk management practices as a new driving value for business activities. Moreover,
this study provides “lessons” for the international community, concerning the possibility for mutual credit cooperative banks to make profits not via the achievement of high financial spreads but through the creation of services for the community.
2012-01-01T00:00:00Z