1 research outputs found
International Accountings Standards, the necessity of harmonization for greek companies and the impact of education
The European Committee consecrated the European companies, which are penetrated, in
organized markets to enforce the International Accountings Standards (IAS) for the 2005’s use.
The enforcement of IAS is very important because it will have positive results for the companies
and the whole market. It will help in clear enforcement of rules’ use in domestic capital
market. Generally we can tell that the enforcement of IAS creates a «logical picture» which is
nearer to the fair value of a company. Apart from that IAS accommodates the international exchanges
and creates the presupposition in order to be insensitive.
As far as Greece is concerned, the advantages of the premature use, in comparison with the
other European countries, are important. The enforcement of IAS for the penetrated companies has
improved the general picture of Athens’ stock exchange and has also helped the attraction of
foreign investments. After that it is possible that there will be development for the Greek companies.
The companies’ staff of tomorrow needs to make worthy effectively the tool of IAS. In this
case the perfect education in particular sensible item constitutes self-understood event. The enlarging
economy needs «enlargement» staff, which apart from all will have delight in reasonable
and useful of IAS