Cengage Learning European Financial Reporting: Greece

Greece, no less than any other member states of the EC, has been an active participant in the creation of the unified accounting environment in Europe. The provisions of the various accounting-related EC Directives have been incorporated in Greek company law and the "General Accounting Plan." Their implementation has provided uniform accounting valuation methods, disclosure requirements and formats. There remain, however, fundamental differences between the Greek accounting system and the other national accounting systems of the European Community. This book aims to provide a guide to the basic peculiarities of accounting in Greece. It examines critically the present characteristics of the country's accounting environment and assesses the impact of each on the evolution of current accounting practice. It concludes with a presentation of those particular local features that have a significant bearing on the preparation, comparative analysis and interpretation of Greek financial statements.