TITLE:
Financial Evaluation and Viability of Businesses Using Information Systems after the Implementation of the Greek Accounting Standards
AUTHORS:
Eleni Tsianaka, Dimitra Seretidou
KEYWORDS:
Financial Evaluation, Greek Accounting Standards, E.Y.A.TH., D.E.Y.A., Public Sector
JOURNAL NAME:
Theoretical Economics Letters,
Vol.13 No.4,
August
17,
2023
ABSTRACT: Following the adoption of the Greek Accounting Standards, this research
aims to examine the financial assessment and viability of enterprises through
the use of information technologies. The theoretical foundation stresses the
relevance of following accounting standards and gives an outline of the role
that information systems play in financial evaluation. To obtain pertinent
data, the research process uses case studies of two organizations of public
sector. One of them is called E.Y.A.TH., which
is a company providing water supply and sewerage services to more than 1.2
million citizens in the greater Thessaloniki Urban Area every day. The second
company is parts of public administation called in Greece D.E.Y.A, that are
Municipal Water Supply and Sewerage Companies. The findings show that the
adoption of Greek Accounting Standards has improved financial viability and
evaluation, with information systems being a key factor. The findings are
summarized in the conclusion, which highlights the value of information systems
in improving financial review procedures. The article is organized as follows: Τhe abstract provides a concise summary of the
paper, highlighting its main objectives, findings, and implications. The next
section called introduction refers to the topic of financial evaluation and
viability in the public sector and the role of information systems in
facilitating this process, emphasizing on the importance of the public sector
in driving economic development and the need for effective financial evaluation
and viability assessment in public sector organizations. Moreover, the
significance of financial evaluation and viability analysis in the public
sector is mentioned, highlighting the key factors that contribute to the
success and sustainability of public sector organizations. Finally, there is a section delving into the
specific relevance of information systems in the public sector, discussing
their impact on financial transparency, accountability, and overall
organizational performance. Finally,
there is the discussion and conclusion. Discussion presents a comprehensive
discussion of the key findings, insights, and implications arising from the
analysis of financial evaluation and viability in the public sector,
considering the role of information systems and the impact of Greek Accounting
Standards. Conclusion: This section summarizes the main points discussed in the
paper, emphasizing the importance of information systems in financial
evaluation and viability assessments in the public sector, particularly in the
context of Greek Accounting Standards.