Historical Context about The Impact of Accounting Principles of ‎Greek Enterprises

Constantinos Challoumis; Nikolaos Eriotis; Dimitrios Vasiliou

doi:10.14419/qgshb689

Article Details

Historical Context about The Impact of Accounting Principles of ‎Greek Enterprises

Authors:

Constantinos Challoumis | Nikolaos Eriotis | Dimitrios Vasiliou

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.12 Issue 6, pp.24-42

Document Type:

Article

Publication Date:

2/2025

Document Language:

English

Document ID (Org No.):

2001386232

pISSN:

2309-4508

DOI:

10.14419/qgshb689

Keywords:

Abstract:

 This study examines the historical development, implementation, and impact of accounting principles on Greek enterprises, highlighting the ‎interplay between national regulations, European Union directives, and international standards. It traces the evolution of accounting in ‎Greece from the dominance of Law 2190/1920 and tax-based reporting to the gradual adoption of International Financial Reporting Standards (IFRS) after EU Regulation 1606/2002. The analysis demonstrates how accounting principles—ranging from conventional frameworks to IFRS—have influenced financial transparency, taxation practices, corporate governance, and decision-making processes in Greek ‎enterprises. Particular emphasis is placed on the role of taxation, sector-specific challenges in tourism and shipping, the contribution of professional accountants, and the adoption of technological advancements in accounting. Comparative insights with other EU countries reveal ‎both similarities and persistent divergences in practice. The study concludes that while IFRS adoption has enhanced transparency and confidence, Greek enterprises continue to face challenges in aligning local tax-oriented practices with international reporting requirements. ‎Policy recommendations underscore the need for harmonization, continuous professional development, and sector-adjusted approaches to ‎strengthen the effectiveness of accounting as a tool for governance, decision-making, and economic resilience in Greece‎.

Article Details

Historical Context about The Impact of Accounting Principles of ‎Greek Enterprises

Authors: Constantinos Challoumis | Nikolaos Eriotis | Dimitrios Vasiliou

Publisher: Science Publishing Corporation

Journal: International Journal of Accounting and Economics Studies Vol.12 Issue 6, pp.24-42

Document Type: Article

Publication Date: 2/2025

Document Language: English

Document ID (Org No.): 2001386232

pISSN: 2309-4508

DOI: 10.14419/qgshb689

Accounting

Greek Enterprises

Issues

Authors:

Constantinos Challoumis | Nikolaos Eriotis | Dimitrios Vasiliou

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.12 Issue 6, pp.24-42

Document Type:

Article

Publication Date:

2/2025

Document Language:

English

Document ID (Org No.):

2001386232

pISSN:

2309-4508

DOI:

10.14419/qgshb689