IAS 32Chapter 3Lesson 1
Members' shares in a cooperative: the right to refuse redemption
Step 1 of 6Learning objectives
Go deeper+1 point of attention
Members' shares in a cooperative are equity if the entity has the unconditional right to refuse redemption or if law or articles unconditionally prohibit it; a conditional prohibition is not enough.
20 minNot started
Learning objectives
- Explain when members' shares in a cooperative are equity (unconditional right to refuse or unconditional prohibition).
- Analyse a redemption prohibition to know whether it is unconditional or subject to conditions.