Financial management, accounting
Financial management, accounting
Title
End-of-year accounting operations and determination of financial results in Greece
Country
Greece
Description
End-of-year accounting operations are one of the cornerstones of Accounting management of every company and organization, providing significant support for their operation and detailing their financial results.
End-of-year accounting operations entail a rather heavy workload during the closing period and different parts are assigned to different individuals within the company staff.
The various tasks required to perform the end-of-year accounting operations are either implemented by a group of employees or by an accountant and are not done sequentially but in parallel. Very often, the division of labor for the determination of the financial results is based on the different groups of Greek Accounting Standards, e.g. fixed stocks, customers, etc.
Τhe text below describes the work plan required at the end of the financial year in order to give a detailed report of a company's accounting and financial results.