GAAPkäytäntötavat

GAAPkäytäntötavat refers to the commonly accepted accounting principles and practices followed in Finland. These principles ensure that financial statements are prepared in a consistent and transparent manner, allowing stakeholders to understand a company's financial performance and position. While Finland is a member of the European Union and adheres to IFRS (International Financial Reporting Standards) for listed companies, GAAPkäytäntötavat still holds relevance, particularly for unlisted companies and in certain specific reporting contexts.

Finnish GAAPkäytäntötavat are based on Finnish Accounting Law (Kirjanpitolaki) and related regulations. They provide guidance on various aspects of financial reporting, including recognition and measurement of assets and liabilities, revenue recognition, expense accounting, and the presentation of financial statements. The core principles emphasize prudence, accrual accounting, and the true and fair view.

The primary objective of GAAPkäytäntötavat is to ensure that financial information is reliable, relevant, and comparable. This facilitates informed decision-making by investors, creditors, management, and other users of financial statements. While IFRS aims for global harmonization, national GAAPkäytäntötavat allow for specific national requirements and considerations that may be important within a particular jurisdiction. For many smaller and unlisted companies in Finland, adhering to Finnish GAAPkäytäntötavat remains the standard for their financial reporting obligations.