Management of financial instruments of credit unions: problems of applying IFRS
Journal Title: Науковий вісник Полтавського університету економіки і торгівлі. Серія "Економічні науки" - Year 2017, Vol 2, Issue 80
Abstract
Annotation. The purpose of the paper is to study the structure of the equity of the credit union, outline the features of its components as financial instruments, as well as determine the impact of reclassification of capital instruments on performance indicators, which are components of permissive criteria for the conduct of activities. Methodology of research. The objectives of the article implemented by using the following general and specific research methods: economic analysis, as well as methods of empirical research (observation, comparison, system-functional, functional-structural and complex methods). Findings. The structure of the credit union’s own capital is considered and the features of its components as financial instruments are determined, on the basis of which two groups are distinguished: non-returnable capital and returnable contributions. Following the international financial reporting standards requirements, the vectors of influence of the equity instruments reclassification into financial liabilities on the performance of credit unions are determined. Practical value. The risks of non-observance of activity standards by credit unions are found out and measures for solving a certain problem are outlined.
Authors and Affiliations
Olena Goncharenko
Keywords
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