This book is a valuable aid for understanding both the theoretical structures and the application of IFRS/GAAP. It is aimed at students as well as professional accountants who wish to gain the foundational knowledge necessary to utilize them.

For this reason, in addition to the necessary theoretical references, the text includes many application examples, a multitude of questions and exercises, while the appendix presents the complete financial statements of a listed company.

The book is divided into four parts:

• Introduction and Key Points of IFRS: where the basic philosophy of IFRS is presented, along with the points where there are significant differences between IFRS and the existing Greek accounting framework (GAAP).
• Main Differences Between GAAP and IFRS: where the treatment of fixed assets after initial application is addressed, and the calculation and handling of deferred taxes is examined.
• The Technique of Conversion from GAAP to IFRS: where complete examples of the conversion of the Balance Sheet and Income Statement from GAAP to IFRS are presented.
• Special Topics: where some important issues are presented, such as the action plan for the transition to IFRS, management estimates, the circular from tax authorities regarding the maintenance of accounting books, etc.