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Impacts and Changes in the Accounting Policies after the IAS Adoption: A Comparison between the Manufacturing and the Commercial Sector in Greece


  • Sotirios KARATZIMAS


  • Stella ZOUNTA

    (University of the Aegean, Greece)


    (University of Athens, Greece)


The present study examines the changes that occurred in the accounting policies of the Greek companies after the adoption of IAS. More precisely, a comparison analysis between the manufacturing and the commercial sector is conducted. In order to achieve that, we analyze the impact of the IAS transition in the net income of the Greek listed manufacturing and commercial companies by applying a new index on the field, we identify the most important changes in accounting policies and we proceed by comparing the differences and similarities between the two sectors. Results suggest that the application of the “fair value” is the accounting policy that affected most significantly both sectors, while the similarities between the two sectors seem to excel their differences.

Suggested Citation

  • Sotirios KARATZIMAS & Stella ZOUNTA & Vagia KYRIAKIDOU, 2011. "Impacts and Changes in the Accounting Policies after the IAS Adoption: A Comparison between the Manufacturing and the Commercial Sector in Greece," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 10(3), pages 302-317, September.
  • Handle: RePEc:ami:journl:v:10:y:2011:i:3:p:302-317

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    Cited by:

    1. Piosik Andrzej & Strojek-Filus Marzena, 2013. "An Assessment of the Application of Earnings Management Objectives and Instruments in Financial Reporting – Evidence of Survey Research Results," Scientific Annals of Economics and Business, De Gruyter Open, vol. 60(2), pages 1-26, December.

    More about this item


    Accounting policies; IAS; manufacturing sector; commercial sector; Greece;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe


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