Kirjauskäsitteet
Kirjauskäsitteet, or accounting concepts, are fundamental principles that guide the preparation and presentation of financial statements. These concepts ensure that financial information is consistent, comparable, and reliable, allowing users to make informed decisions.
One of the core concepts is the accrual basis of accounting, which recognizes revenues when earned and
The historical cost principle dictates that assets are recorded at their original purchase price. While this
The concept of materiality suggests that financial information should be disclosed if its omission or misstatement