Got a tricky question? Receive an answer from students like you! Try us!

Critically compare and contrast the accounting methods, structure and regulation of Greece with the UK. Include a detailed and critical analysis of both current - Essay Example

Only on StudentShare
Masters
Essay
Miscellaneous
Pages 13 (3263 words)

Summary

Accounting standards between countries are different owing to environmental factors. The factors are currency stability, legislation, separation of ownership and control, quality of management, size and complexity of firms, speed of innovation, economic development and education…

Extract of sample
Critically compare and contrast the accounting methods, structure and regulation of Greece with the UK. Include a detailed and critical analysis of both current

Effective control systems are usually situation specific and tailored to the management of each organisation. The exercise of managerial choice and the interdependence of accounting systems and the environment are acknowledged". (Rayburn and Rayburn (1991, p. 57)
U.K. follows common law whereas Greece follows codified law falling under British Commonwealth and continental Europe respectively. "Greek law is based on codified Roman law with the judiciary divided into civil, criminal, and administrative courts. Judicial independence is guaranteed under the constitution" (Greece Profile)
Many countries' accounting practices are influenced by their respective income taxation rules ignoring any other broader objectives. (Nobes 1983, Purcel & Scott 1986) In the case of Government bureauracrats setting the accounting standards, they are unequivocal in fixed formats. ".Bureaucracies are more likely to want certainty to make assessment of taxes, adherence to regulatory rules, etc., easier to specify and enforce" (Robinson, Chris, Venieris, george 1996)
Greek accounting is guided by its Corporate Law 2190/1920, accounting standards stipulated by the Ministry of National Economy, the ...
Download paper
Not exactly what you need?

Related Essays

Philosophers Analysis (Compare/ Contrast)
All of us will inevitably build ourselves a vision for life, a personal philosophy that is beyond philosophical systems. It is in this vital human activity that the Pope unveils the relevance of theology because it affirms the dignity of human intelligence by which we are made in His image and distinguished from the rest of His creation. In the face of seemingly complex philosophical systems that seem to offer only pragmatism and dogmatism, the Church offers a corrective measure that relates reason and philosophy to revelation and theology. Pope John Paul II states that "there is a…
4 pages (1004 words)
Comparing Current Democracy with Ancient Greece
Actively including others in the decision-making processes, by way of debate, discourse and other communications, establishes the social contract. Within a democracy it is the citizen's responsibility to choose a government, and to participate in constitutional discussions, for example, by way of a referendum or voting. Although democracy aims primarily to include people, rather than exclude them, some 'extreme' groups tend to be ignored as to their participation. For example, the homeless, minority groups, the very poor, the disabled and the very elderly. These excluded groups are often paid…
4 pages (1004 words)
Current Issues in Management and Financial Accounting
The aim is to show the current issues that are making the two fields different; the current issues related with these fields. According to Lawrence J. Gitman differences between the two, harmonized financial accounting and variables management accounting are shown in this assignment to understand their purpose to deal with the accounting system. Below different factors are given used to develop a clear information to the reader that how the role of these two branches differ.…
12 pages (3012 words)