Demiter et al (2009)in research paid to the impact of accruals and cash flows of the related profits - in stock returns, to examine the impact of changes in earnings and cash flows associated with the stock returns over the period 1996 to 2006 in the capital market in Greece. The results indicate there is a positive explanatory power and higher earnings compared to cash flows associated with changes in stock returns. The results showed that investors evaluate companies with big are concerned earnings and cash flows as a measure, however, evaluate enterprises have opportunities with growing pay more attention to cash flow.