Authors: Theodora Tigani, Maria Kyriakou, Augustinos Dimitras

Title: Evaluation of the application of International accounting Standards/International Financial Reporting Standards (IAS/IFRS) in Greece and the role of enterprise recourse planning (ERP)

Abstract

The  purpose  of  this  study  was  the  detailed  evaluation  of  international  accounting standards (IAS) and in particular if they were applied in Greek companies. The role that played the ERP in IAS development was also investigated. For the above research purposes, the study was referred to the senior staff of Greek companies. More analytically, the main research questions that examined were how satisfactory was the application of IAS by Greek companies and whether the ERP helped in the process  of  transition,  adoption  and  acceptance  of  IAS.  The  methodology  that investigates  the  views  was  through  Questionnaires.  The  results  of  this  research showed that the application of IAS by Greek companies was quite satisfactory. Regarding the evaluation of the application of IAS, in almost all the characteristics that  were  measured,  their  degree  was  considered  extremely  satisfactory.  Likewise, individual characteristics found to have a moderate acceptance. In terms of whether the ERP helped in the transition process, in the adoption but also in the acceptance of IAS, the picture was positive. The respondents acknowledged that the way the ERP worked, helped them to bridge the philosophy of the old with the new system. The findings of the research showed that the application of IAS by Greek companies was satisfactory and the evaluation of their application was positive. Also, it has been found that the ERP played an important role to the evaluation of IAS which continued to be positive. The main contribution of the present study was the role that the ERP played both in the transition process and in the adoption and acceptance of IAS by companies.