Eureka! Institutional Repository

The continuous developing socio-economic environment has involved important changes and has created new needs both in enterprises, and in Public sector. For this reason, in the past few years most enterprises in international level are using the International Models of Financing Report on the syntax and follow-up of their financing situations, so that they keep pace with the modern developments and they remain competitive. It is observed that world economy has the tendency for uniformity, transparency and comparability of financing situations that is the core of IMFR. The uncontradictable profits of IMFR have rendered them as the most widespread and most acceptable models worldwide, because they satisfy the needs of all users of economic situations, providing extensive information, assistance in the decision-making and reduction of beautification on financing situations. As it was said before the rapid changes of last years and the financing crises that afflict enough countries except from the enterprises, has created worldwide the need and in the Public sector for the benefit of reliable information and the promotion of a single accountant system that would be comprehensible in international level. Under these needs more and more countries have either adopted or initiated reforms for the adoption of International Standards Public Sector (IPSAS) in the public sector. The IPSAS aimed at improving the quality and comparability of accounting information provided by the public services, increase reliability between states, reduce fraud and corruption. This study focuses on understanding the Public Sector Standards trying to approach the topic from different perspectives and to depict the more reliable is the situation in Greece and internationally. For this purpose they were used Greek and international literature and all the necessary research analysis tools.