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In our world, everything is about economy. The biggest part of our economy depends on businesses. For this reason I choose to deal with businesses's analysis of financial statement. Every business or organization, regardless of their largeness, is obliged to prepare their financial statements every year which are mirroring the inside or outside enviroment of them.In this dissertation i am referring and analysing the financial statements of the International and Greek Accounting Standards contrasting with the oldest greek standards which are referring as G.G.C.A.(Greek General Chart of Accounts). the International Accounting Standards , which are evolving and changing continually, consider an amount of rules and accounting standards that are related to the instruction and presentation of the financial statements. In my first chapter I represent the establishment of the International Accounting Standards in Greece, the history of its creation, the appliance of the standards and the main organizations . Furthermore, I refer by name the temporary valid I.A.S. and I.F.R.S.. Also I analyse by examples the financial statements of I.A.S.. According to the financial statements the relative and mainly I.A.S. are the I.A.S. 1 and I.A.S. 7 which are included in my dissertation . They represent the financial statements, helping the comparison , of them in a company and making easier the correlation of financial statements between companies. For the sake of the previous statements, the presentation of the financial statements includes : 1. the statement of financial position 2. the statement of total income 3. the statement of owners' equity 4. the statement of Cash Flows 5. details and explanations.Moreover I present the Greek accounting standards through a historical report to the previous accounting plan of the country but also presenting the new one using charts. Afterwards I mention the differences between G.G.C.A.- G.A.S. and G.A.S.- I.A.S.. Finally my conclusions of the dissertation are included