What International Accounting Standards (IAS) bring about to the financial statements of Greek Listed Companies? The case of the Athens Stock Exchange

The aim of the present study is to investigate the repercussions of the accounting changeover from the Greek Accounting Standards (GAS) to the International Accounting Standards (IAS) in relation to the published financial statements of Greek listed companies for the year 2004. The results show that tangible assets, fixed assets, and total liabilities record significantly higher prices under the IAS. Furthermore, it was recorded that, in opposition to the net income after taxes, the book value appears to play a more significant role under the IAS, compared to that under the GAS. There is also evidence that the adjustments of GAS to net income improve incremental value relevance, while the adjustments of GAS to book value do not improve it.International Accounting Standards (IAS), Greek Accounting Standards (GAS), Value relevance, Incremental value relevance, Accounting Standards, Fair value

Applying IFRS mandatory : evidence from Greek listed companies

The aim of the present study is to record the attitude of Greek listed companies towards the mandatory adoption of IFRS, in Greece. In this context, a questionnaire was send to the listed companies of the Athens Stock Exchange (ASE) in 2008. The 135 responses revealed the advantages of the mandatory adoption of IFRS for firms, the problems and the obstacles that they face for their implementation and their perceptions regarding how IFRS affect investors. In addition, it is examined whether the firms specific characteristics (size, profitability and the level of fixed assets) affect their attitude to IFRS.peer-reviewe

What International Accounting Standards (IAS) bring about to the financial statements of Greek Listed Companies? The case of the Athens Stock Exchange

The aim of the present study is to investigate the repercussions of the accounting changeover from the Greek Accounting Standards (GAS) to the International Accounting Standards (IAS) in relation to the published financial statements of Greek listed companies for the year 2004. The results show that tangible assets, fixed assets, and total liabilities record significantly higher prices under the IAS. Furthermore, it was recorded that, in opposition to the net income after taxes, the book value appears to play a more significant role under the IAS, compared to that under the GAS. There is also evidence that the adjustments of GAS to net income improve incremental value relevance, while the adjustments of GAS to book value do not improve it

Contemporary role of cardiac magnetic resonance in the management of patients with suspected or known coronary artery disease

Cardiac magnetic resonance imaging (CMR) is a useful non-invasive radiation-free imaging modality for the management of patients with coronary artery disease (CAD). CMR cine imaging provides the “gold standard” assessment of ventricular function, late gadolinium enhancement (LGE) provides useful data for the diagnosis and extent of myocardial scar and viability, while stress imaging is an established technique for the detection of myocardial perfusion defects indicating ischemia. Beyond its role in the diagnosis of CAD, CMR allows accurate risk stratification of patients with established CAD. This review aims to summarize the data regarding the role of CMR in the contemporary management of patients with suspected or known coronary artery disease

The financial and organizational consequences of the mandatory application of International Accounting Standards (IAS) and International Financial Reporting Standards in Greece

The present PhD thesis intends to present the consequences of mandatory transition from Greek Accounting Standards (GAS) to IAS/IFRS. The study initially examines the theoretical background of IAS/IFRS and GAS and analyses, classifies and comments on their differences. Then two independent empirical investigations were carried out in order to reveal the above mentioned differences. The first one examined, with the use of regression analysis, the direct consequences of the mandatory transition by exploring its effect on financial statements of listed companies in the Athens Stock Exchange. The second one recorded the opinion of the listed companies toward IAS/IFRS by using questionnaires as a research instrument. Both empirical investigations examined whether IAS/IFRS mandatory implementation has similar effects on all companies.Σκοπός της παρούσας διδακτορικής διατριβής είναι να καταγραφούν οι συνέπειες της υποχρεωτικής λογιστικής μετάβασης, από τα μέχρι πρότινος και για πολλά χρόνια εφαρμοζόμενα Ελληνικά Λογιστικά Πρότυπα (ΕΛΠ) στα ΔΛΠ/ΔΠΧΠ. Κινούμενοι προς αυτή την κατεύθυνση η παρούσα διατριβή αρχικά μελετά το θεωρητικό υπόβαθρο των ΔΛΠ/ΔΠΧΠ και των ΕΛΠ και αναλύει, ταξινομεί και σχολιάζει τις διαφορές τους. Στη συνέχεια, προκειμένου να αποκαλυφτούν οι συνέπειες της υποχρεωτικής λογιστικής μετάβασης και να αναδειχτούν οι ανωτέρω διαφορές, πραγματοποιήθηκαν δύο ξεχωριστές εμπειρικές έρευνες. Στην πρώτη, μέσα από την πραγματοποίηση εξισώσεων παλινδρόμησης, εξετάστηκαν οι άμεσες συνέπειες της υποχρεωτικής υιοθέτησης των ΔΛΠ/ΔΠΧΠ, διερευνώντας την επιρροή τους στις οικονομικές καταστάσεις των εισηγμένων εταιριών του Χρηματιστηρίου Αθηνών. Στην δεύτερη εμπειρική ανάλυση, πραγματοποιήθηκε έρευνα πεδίου με ερωτηματολόγια στις εισηγμένες επιχειρήσεις του Χρηματιστηρίου Αθηνών, καταγράφοντας τις απόψεις των άμεσα θιγόμενων από την εξεταζόμενη λογιστική μετάβαση. Και για τις δύο εμπειρικές αναλύσεις που έλαβαν χώρα, εξετάστηκε το κατά πόσο οι συνέπειες της εφαρμογής των ΔΛΠ/ΔΠΧΠ είναι ομοιογενείς για όλες τις επιχειρήσεις

Unusual abscess masquerading as poorly differentiated adenocarcinoma of the colon showing characteristics of choriocarcinoma

Extragonadal non-gestational choriocarcinoma (ENC) is an uncommon malignant tumor occasionally found in the gastrointestinal tract. ENC is characterized by a biphasic tumor growth with distinct areas of adenocarcinoma and choriocarcinoma differentiation. Primary choriocarcinoma of the colon is extremely rare, with only 21 cases reported in the literature. Most of the perforation of colorectal cancers occurs in the abdominal cavity, while abdominal wall abscess is rare; the psoas abscess associated with colon carcinoma is even less observed. Herein, we report the case of a 61-year-old female with poorly differentiated adenocarcinoma of the ascending colon and sigmoid, with choriocarcinomatous differentiation, masquerading a psoas abscess formation. Unfortunately, despite the aggressive therapy, the patient’s disease rapidly progressed, and she died within 2 months after the diagnosis. The typical morphological pattern, immunohistochemistry, and its correlation with serum β-human chorionic gonadotropin enabled a correct diagnosis

Ecodesign for Industrial Furnaces and Ovens: A Review of the Current Environmental Legislation

The increasing global demand for energy- and resource-efficient, environmentally friendly products has led the European Union (EU) to develop a sustainable product policy, incorporating ecodesign legislation and energy labeling as effective tools for promoting energy efficiency and sustainability. Recent European energy policies, such as the Energy Efficiency Directive (EED) and the Ecodesign Directive (EDD), have set new objectives for enhancing energy efficiency. This study focuses on the 2012 Lot 4: Industrial and Laboratory Furnaces and Ovens, Tasks 1–7 Final Report, which informed the European Commission’s 2014 working document for the Ecodesign Consultation Forum on industrial and laboratory furnaces and ovens. The working document proposed initial draft measures and requirements for this product group, aiming to achieve specific energy savings and related greenhouse gas (GHG) emissions reductions. The findings of the investigations on energy consumption and GHG emissions are presented in this work, with draft calculations and projections serving as the foundation for discussions on future measures. The BAT (best available technologies) scenario would result in lower environmental impacts. The initial and indicative draft Lot 4 impact assessment predictions for energy savings demonstrate the positive influence of prospective ecodesign measures in reducing energy consumption. These deliberations will ultimately contribute to the formulation of an official mandatory regulation for industrial and laboratory furnaces and ovens, in line with the EU’s sustainable product policy objectives

Prevalence of Hepatitis B Serum Markers in Young Military Recruits in Greece: A Comparison Study between 2005 and 2019 Cohorts

Background: The prevalence of hepatitis B varies (HBV) among countries. Although an overall reduction has been described in Greece, data are limited. Methods: We reviewed the HBsAg/anti-HBc/anti-HBs seroprevalence among military recruits and compared data between 2005 and 2019. The study included 2001 (group 1) and 1629 (group 2) male recruits in 2019 and 2005, respectively. Age and descent were recorded. Results: The prevalence of HBsAg, anti-HBc and anti-HBs positivity in group1 vs. group 2 was estimated as: 0.2%, 1.3% and 67% vs. 0.4%, 1.6% and 62%, respectively. Only anti-HBs positivity achieved a statistically significant difference between the two groups (p = 0.007). HBsAg and anti-HBc were more frequently positive in non-Greeks than in Greeks (9/237 (4%) vs. 2/3393 (0.06%), p < 0.001), (26/237 (11%) vs. 26/3393 (0.8%), p < 0.001 respectively), while anti-HBs was more frequently positive in Greeks than in non-Greeks (84/164 (51%) vs. 1461/2213 (66%), p < 0.001). Conclusions: Our data suggest a further reduction in HBV prevalence in Greece about 20 years after the adoption of the National HBV Immunization Program, with Greek participants experiencing a more effective HBV Immunization Program than non-Greeks