The perceptions of managers of Greek firms regarding the costs and benefits ensuing from the adoption of International Financial Reporting Standards in Greece

Artikel

The study seeks to investigate the costs and benefits resulting from the application of IFRS in Greece. A questionnaire survey was conducted in order to identify the perceptions of the financial managers of Greek listed firms regarding the benefits and the costs associated with the transition to IFRS. In addition, it was asked to indicate whether the IFRS benefits are sufficient to cover the related costs. Four types of costs appear to be prevalent: personnel training costs, consultants' fees, preparation of two sets of accounts and costs to adjust existing information systems. The findings of the analysis of the responses suggest that, although the majority of respondents believe that the introduction of IFRS improved the quality of the financial statements published by Greek firms, they have serious concerns regarding the costs related to the introduction of IFRS.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: International Journal of Economic Sciences and Applied Research ; ISSN: 1791-3373 ; Volume: 4 ; Year: 2011 ; Issue: 3 ; Pages: 59-74 ; Kavala: Kavala Institute of Technology

Classification and Topics

• Classification: Wirtschaft ; Accounting
• Subject: IFRS adoption ; Greece ; costs : benefits

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Naoum, Vasilios-Christos ; Sykianakis, Nicos ; Tzovas, Christos
• Event: Veröffentlichung
• (who): Kavala Institute of Technology
• (where): Kavala
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/66609
• Last update: 10.03.2025, 11:43 AM CET