IFRIC 2의 제정과 한국협동조합을 위한 시사점

Abstract

This paper reviews and summarizes the background and contents of IFRIC 2 “Members’ shares in Co-operative Entities and Similar Instruments” and explores the lessons to be learned for the Korean co-operative movement. IFRIC 2 was published in response to the concerns of co-operatives that members' shares would be classified as liabilities under the IAS 32 principles. IFRIC 2 focuses on the restrictions on the redemption of shares and presents a way for co-operatives to continue classifying members’ shares as equity, even though there is some problem of hurting the co-operative identity. Accounting standards throughout the world is on their way of being unified based on the international accounting standards and the Korean accounting standards is no exception. Accounting standards are linked to related laws and regulations which make an influence on the operations of a co-operative and in turn on the long-term development of the co-operative movement. Therefore, it is essential that the Korean co-operative movement should be actively involved in the process of making national and international accounting standards, so that the standards could be made to the advantage of co-operatives.