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The Hidden Alternative

Co-operative Values, Past, Present and Future

image of The Hidden Alternative
In light of the recent global economic recession, this publication seeks to challenge the hegemony of the investor led business model in economics and business studies, and needs to be promoted in relation to these debates. The contributions to this book demonstrate that co-operation offers a real and much needed alternative for the organisation of human economic and social affairs, one that should establish its place at the forefront of public and academic discussion and policy making. It includes chapters on education, fair trade, politics and governance, planning, and sustainability and on how co-operatives have coped with the global economic crisis.

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Minding the GAAP: Co-operative responses to the global convergence of accounting standards and practice

When International Accounting Standard (IAS) 32: Financial Instruments: Disclosure and Presentation was issued by the International Accounting Standards Board (IASB) in December 2003, it aroused the concern of co-operatives around the world and appeared to ask them to turn their accounting world (or at least their balance sheet) upside down. In many cases members’ shares which had been reported as member ownership (i.e. equity) were to be reported as a liability. Such a shift would not reflect co-operative principles and, it was feared, would reduce access to financing for co-operatives.

English

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