La caracterización financiera y contable del capital social a la luz de los principios cooperativos

Abstract

The International Financial Reporting Standars have re-opened the discussion on the financial consideration of the contributions of the partners of the cooperative societies. The concept of share capital is joined to the juridical dimension of the same one. To characterize the share capital of the cooperative societies as equity or as debt it is necessary to make explicit the approach (juridical, economic, financial) and the used criterion, provided that several are the possible ones. Though with the majority of the cases the economic and juridical criteria coincide, not always it is like that. The financial characteristics of the share capital are those that the Spanish legislation establishes at present but they are not derived directly of the cooperative principles. It is possible that the laws allow a different configuration without committing an outrage against them. It is necessary to to allow to take advantage, ado limitations that the will of his associates, the opportunities that the economic system offers the rest of the societies.