Historical Context about The Impact of Accounting Principles of ‎Greek Enterprises

Constantinos Challoumis; Nikolaos  Eriotis; Dimitrios  Vasiliou

doi:10.14419/qgshb689

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Authors
- Constantinos Challoumis Philips University, Nicosia & National and Kapodistrian University of Athens (N. K. U. A.)‎
- Nikolaos Eriotis National and Kapodistrian University of Athens (N. K. U. A.)‎
- Dimitrios Vasiliou National and Kapodistrian University of Athens (N. K. U. A.)‎
https://doi.org/10.14419/qgshb689

Received date: August 17, 2025

Accepted date: September 20, 2025

Published date: October 2, 2025
Accounting; Greek Enterprises
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.
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Challoumis, C., Eriotis , N. ., & Vasiliou , D. . (2025). Historical Context about The Impact of Accounting Principles of ‎Greek Enterprises. International Journal of Accounting and Economics Studies, 12(6), 24-42. https://doi.org/10.14419/qgshb689
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Historical Context about The Impact of Accounting Principles of ‎Greek Enterprises

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