The Introduction of the Accrual Accounting System in the Local Government in Greece: A Financial Analysis of the Local Authorities in the Prefecture of Achaia

3rd National Congress of Applied Economics, Greece, Volos 17-18, No. 5 (2013)

15 Pages Posted: 2 Aug 2013

See all articles by Georgia Kontogeorga

Georgia Kontogeorga

INTERNATIONAL BOARD OF AUDITORS FOR NATO

Georgios L. Thanasas

University of Patras

Vassiliki Tsianti

Hellenic Court of Auditors

Date Written: August 1, 2013

Abstract

The purpose of this paper is to illustrate the financial position of 16 first-degree local authorities in the Prefecture of Achaia (municipalities) with over 5,000 inhabitants that, according to the Presidential Decree 315/99, are obliged to use the accrual accounting system. These data concern the period 2005 to 2007, which is the first implementation period of the introduction of the double-entry method in local government in Greece.

Keywords: accounting, double entry, municipalities, public economics, public finance

JEL Classification: M41, H72, H76

Suggested Citation

Kontogeorga, Georgia and Thanasas, Georgios L. and Tsianti, Vassiliki, The Introduction of the Accrual Accounting System in the Local Government in Greece: A Financial Analysis of the Local Authorities in the Prefecture of Achaia (August 1, 2013). 3rd National Congress of Applied Economics, Greece, Volos 17-18, No. 5 (2013) . Available at SSRN: https://ssrn.com/abstract=2304915

Georgia Kontogeorga (Contact Author)

INTERNATIONAL BOARD OF AUDITORS FOR NATO ( email )

Belgium

Georgios L. Thanasas

University of Patras ( email )

Patras
Greece

Vassiliki Tsianti

Hellenic Court of Auditors ( email )

Greece

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