Efectos de las NIC 32 en los instrumentos de patrimonio: un estudio de cooperativas colombianas

Abstract

The objective of this paper is to describe the eႇects of the application of the International Accounting Standard (IAS) 32 on the equity instruments of Colombian cooperatives. To this end, a case study was used, following a quantitative and descriptive approach. The information about the analyzed cooperatives, Cooperative of the Employees and Graduates of the Autonomous University of the West (Cooperativa Multiactiva de los Empleados y Egresados de la Universidad Autónoma de Occidente) and Pizano Workers’ Cooperative (Cooperativa de los Trabajadores de Pizano), was obtained from primary and secondary sources. The results show a growth in indebtedness rates in the solidary organizations studied, once the requirements of the international standard have been applied according to three de¿ned scenarios. On the other hand, the leverage ratio determines that the resources controlled by each of the cooperatives, would be ¿nanced through the creditors. It is concluded that the classi¿cation of social contributions as a ¿nancial liability would lead to the deterioration of the solvency of the cooperative vis-à-vis third parties due to the high dependence on social capital