The Impact of Kallikratis Project on Accrual Basis Accounting of the First Degree Local Authorities: A Financial Analysis of the Municipalities of the Prefecture of Aitoloakarnania

5th International Conference on Accounting and Finance, 4-5 September 2014, Syros island, GREECE

8 Pages Posted: 11 Sep 2014

See all articles by Vassilis Smaraidos

Vassilis Smaraidos

TEI of Messolonghi; University of Patras - Department of Business Administration of Food and Agricultural Enterprises

Georgios L. Thanasas

University of Patras

Georgia Kontogeorga

University of Patras - Business Administration

Date Written: September 8, 2014

Abstract

In this paper an attempt is made to analyze the financial position of the 7 first degree local authorities of the Prefecture of Aitoloakarnania after Kallikratis Project. For this purpose, all municipalities of the Prefecture were chosen, for the years 2011-2012 (the first years of the implication of Kallikratis project) for analyzing 18 financial ratios. The results showed that there might be an inefficient management of the local authorities which probably leads to future cash flow problems. Furthermore, there are indications that cash inflows are collected too slowly compared to payments.

Keywords: Financial Ratios, Municipalities, Kallikratis Project, Greece.

JEL Classification: M41

Suggested Citation

Smaraidos, Vassilis and Thanasas, Georgios L. and Kontogeorga, Georgia, The Impact of Kallikratis Project on Accrual Basis Accounting of the First Degree Local Authorities: A Financial Analysis of the Municipalities of the Prefecture of Aitoloakarnania (September 8, 2014). 5th International Conference on Accounting and Finance, 4-5 September 2014, Syros island, GREECE, Available at SSRN: https://ssrn.com/abstract=2493280

Vassilis Smaraidos (Contact Author)

TEI of Messolonghi ( email )

NEA KTIRIA
MESSOLONGHI
Greece

University of Patras - Department of Business Administration of Food and Agricultural Enterprises ( email )

Greece

Georgios L. Thanasas

University of Patras ( email )

Patras
Greece

Georgia Kontogeorga

University of Patras - Business Administration ( email )

Patras
Greece

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