Financial Evaluation and Viability of Businesses Using Information Systems after the Implementation of the Greek Accounting Standards

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.