Use of IAS's/IFRS's and Source of Company Finance in Greece

This work investigates the impact of International Accounting Standards on companies’ source of finance. Examines the willingness of the companies to change their type of accounting system from one that based on government financing and tax collection system to one that meets the needs of outsider financiers. After the mandatory adoption of IAS's /IFRS's most of the Greek companies have increased not only their proportion of foreign sales, but also the proportion of public debt. This great change in accounting system have altered the Greek financial system from bank-dominated to market-oriented.