Last Updated on 12/02/2020 by 75385885
IFRIC 2 Members Shares in Co-operative Entities and Similar Instruments
- IFRS 9 Financial Instruments
- IFRS 13 Fair Value Measurement
- IAS 32 Financial Instruments: Disclosure and Presentation (as revised in 2003)
1 Co-operatives and other similar entities are formed by groups of persons to meet common economic or social needs. National laws typically define a co-operative as a society endeavouring to promote its members’ economic advancement by way of a joint business operation (the principle of self-help). Members’ interests in a co-operative are often characterised as members’ shares, units or the like, and are referred to below as ‘members’ shares’.
2 IAS 32 establishes principles for the Read more