In this book by Astbooks titled "Practical Applications of Accounting 2019", the accounting handling of a series of issues that occupy all account groups (fixed assets, inventory, receivables, net position, liabilities, expenses, income) is presented.

Each case is approached, where appropriate, both accounting and tax-wise (according to the current provisions of the Income Tax Code (Law 4172/2013), in order to clearly understand the concept of the difference between accounting and tax basis.
As for the topics, we mention the following:
- Fixed assets: purchase, sale, depreciation, subsidies, financial-operational leasing, self-production, write-downs, fair value.
- Inventory: valuation methods, purchases (intra-community, imports, domestic, in foreign currency), discounts.
- Receivables: customers, provisions, bills receivable, bonds, financial elements, participations,
- Net position: Share capital (establishment, increase, decrease, coverage method), profit distribution, reserves, mergers - conversions
- Liabilities: Loans (long-term, overdraft), bills payable, VAT
- Expenses: Salaries, compensation provisions, subsequent expenses, worked, third-party benefits, taxes - fees, interest, other, customs expenses
- Income: Sales (domestic, intra-community, returns, discounts, in foreign currency), airbnb, payment with POS, subsequent expenses, subsidies,
In addition, there is a complete application for closing the fiscal year, with:
- adjustment entries,
- deferred tax,
- closing entries
- preparation of financial statements.
For the needs of all the above cases, the accounts of the Proposed Accounting Plan of Law 4308/2019 have been used, so that the reader can become familiar with the spirit of the nomenclature, the degree of analysis and concentration of the accounts, as this makes it easier to connect them with the models of the financial statements.

Finally, for the most complete information of the readers, the following are provided:
- Law 4308/2014 codified with Law 4591/2019 (Government Gazette A' 19/12.2.2019) with the 4 appendices that accompany it:
- Definitions
- Individual financial statement templates
- Chart of accounts
- Connection of the chart of accounts and financial statements
- Table with indicative connection of the accounts of the proposed plan of the E.L.P. with the accounts of the G.L.S.

As of 1.1.2015, Law 4308/2014 (Greek Accounting Standards - G.A.S.) has been implemented, which fully and accurately incorporated the accounting provisions of Directive 34/2013/EU into domestic law and further implemented the simplification of the Tax Code for the Depiction of Transactions (T.C.D.T.) of Law 4093/2012, as it was in force.

This specific law aimed at unifying, supplementing and modernizing the accounting rules of the country, with the aim of creating an integrated and functional accounting regulatory framework for businesses and other entities. With the implementation of the Greek Accounting Standards, an effort was made to combat accounting polyphony and serve the need for transparency, reliability and comparability of financial information, conditions that contribute to the smooth functioning of the market.

Greek Accounting Standards place particular emphasis on the preparation of annual financial statements, as they aim to achieve various objectives and provide not only information for investors in capital markets but also inform about previous transactions and enhance corporate governance. For this reason, annual financial statements must present a true and fair view of the company's assets and liabilities, its financial position, and its profits or losses.

Regarding the method of keeping records and transactions of each entity, it is clearly defined (see paragraph 10 of article 3) that when an entity prepares a balance sheet, it uses an appropriate double-entry system, in which:
a) A file is kept in which each transaction and event is recorded in detail (journal).
b) A file with the changes in each account maintained (detailed general ledger).
c) A system for aggregating the sums of increases and decreases (debits and credits), as well as the balance of each account (trial balance).

Furthermore, paragraph 8 of article 3 of Law 4308/2014 stipulates that the chart of accounts in Appendix G is mandatory in terms of nomenclature, degree of analysis and consolidation of accounts (analysis - classification into primary, secondary, etc.), as well as their content, as determined by the provisions of this law. Therefore, and in accordance with prevailing international practices, the use of the codes of the proposed chart of accounts is not mandatory.

Therefore, entities may choose to continue using the chart of accounts of the Greek General Chart of Accounts (E.G.L.S.) that was in mandatory effect on December 31, 2014, namely the chart of accounts of Presidential Decree 1123/1980 or Presidential Decree 148/1984 on the application of the Branch Accounting Plan for Insurance Companies or Presidential Decree 384/1992 on the application of the Branch Accounting Plan for Banks, as applicable.

However, entities were required to make the necessary adjustments and additions to the chart of accounts they maintained to meet the requirements of the new legislation and their informational needs.