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
Date Written: August 1, 2013
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: Suggested Citation