IMPACTS OF TECHNICAL INTERPRETATION ICPC 14 FOR COOPERATIVE ENTITIES: A PRACTICAL APPLICATION

• Autor(a) principal: Rodrigues, Debora Rosa
• Data de Publicação: 2015
• Outros Autores: Silva, Denise Mendes da
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: ConTexto
• Texto Completo: https://seer.ufrgs.br/index.php/ConTexto/article/view/44820
• topic: Cooperative. Accounting Harmonization. ICPC 14.; Cooperativas. Harmonização Contábil. ICPC 14.

Cooperative entities are featured by the union of people that have the same financial and social interests in common. An impactful fact in the accountancy of these institutions is the approval of the Technical Interpretation of the Accounting Pronouncements Committee   number 14 (ICPC 14), which sets new methods of classification of partners’ quota. Thus, the objective of this study is to analyze the potential impacts will be caused by the application of ICPC 14, which will take effect from 2016, for a Cooperative Credit Society. To achieve this goal, we proceeded with the case analysis and documentary research on a Credit Cooperative of the Triângulo Mineiro, confronting the assumptions of ICPC 14 with the implications of the Basiléia’s Index. The Basiléia’s Index is an international concept related to capital adequacy, to which financial institutions must always be aware. It is about a theoretical empirical study with qualitative and quantitative approach. Firstly, we calculated the Basiléia’s Index without the application of that ICPC 14, and later, with the application of it, considering the amount of equity necessary to hit the minimum of Basiléia’s Index. We came to the conclusion that it may have significant impacts whether the cooperatives don’t show any backing in relation to the statute or internal regulations, yet, the cooperative analyzed presents temporal quantitative limitations, financial stability of non infringement, expected in its statute, the impacts in this particular case will be less significant.