AUTOMATED ACCOUNT SETTLEMENT
AUTOMATED ACCOUNT SETTLEMENT
INTERNATIONAL ACCOUNTING STANDARDS

Integrated platform of processing and conversion of Greek Accounting Standards into International Accounting Standards. Automated processes.

 

AUTOMATED TRANSITION AND INTEGRATION FROM GRREK ACCOUNTING STANDARDS TO INTERNATIONAL ACCOUNTING STANDARDS

The International Accounting Standards (IAS) were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On 1 April 2001, the new IASB took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and SICs. The IASB has continued to develop standards calling the new standards IFRS.

International Financial Reporting Standards (IFRS) are Standards, Interpretations and the Framework adopted by the International Accounting Standards Board (IASB).Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS).

SELECT SOFWARE is the first company in Greece that managed to computerize the standards and integrate them into its application. We also created a new range of programs and applications that converts the Greek Standards to International Accounting Standards and make comparative work between the two systems.
The new, fully automated programs (IAS) gather information from the Greek standards, transfer them to a virtual platform where conversion procedures from Greek to International standards take place and simultaneously data entry is performed automatically and new records under the new standards are created. Financial Statements are also created such as Balance Sheet and Profits Distribution. For all these specialized tasks to take place, the user only needs to press a button.