Harmonization of accounting policies according to mandatory disclosures as imposed by (IFRS) the case of Greece
International Journal of Development Research
Harmonization of accounting policies according to mandatory disclosures as imposed by (IFRS) the case of Greece
Received 20th June, 2018; Received in revised form 17th July, 2018; Accepted 24th August, 2018; Published online 29th September, 2018
Copyright © 2018, Vazakidis Athanasios and Konstantinoudis Kleanthis. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
In the present research paper, the Van der Tas Herfindahl index or H index has been applied in order to verify the level of de facto harmonization, and accordingly comparability among the companies analyzed in this research. The primary objective of this dissertation is to determine the maturity level of harmonization degree for specific accounting methods since the mandatory implementation of IFRSs in 2005.The sample constituted by 100 Greek listed companies. The chosen companies were based on their market capitalization. Three accounting practices were included, depreciation, inventory and financial statement preparation. The results indicated that across the examined period 2009 - 2015, the majority of the H indices comparisons were positive and statistically significant for Greece.
