Konsernisäätöjä

Konsernisäätöjä refers to adjustments made within a corporate group, typically to ensure accurate consolidated financial reporting. These adjustments are necessary because the individual financial statements of parent and subsidiary companies do not, on their own, provide a true and fair view of the group's overall financial position and performance. The primary purpose of konsernisäätöjä is to eliminate intercompany transactions and balances, such as sales, purchases, loans, and unrealized profits on inventory or fixed assets that have been transferred between group entities.

When a parent company prepares consolidated financial statements, it combines the financial results of all its subsidiaries as if they were a single economic entity. This process requires a series of adjustments to remove any transactions that have occurred solely within the group. For example, if a parent company sold goods to a subsidiary, that sale would be recorded in both companies' individual accounts. In the consolidated statements, this internal sale must be eliminated so that the group's revenue reflects only sales to external parties. Similarly, any profits from these internal sales that are still held within inventory at the end of the reporting period must be eliminated.

Konsernisäätöjä also involve the recognition of goodwill arising from acquisitions, the elimination of the parent company's investment in subsidiaries against the subsidiaries' equity, and the accounting for non-controlling interests. The goal is to present a financial picture that reflects the group's economic reality, free from the effects of its internal dealings. These adjustments are a fundamental part of International Financial Reporting Standards (IFRS) and other accounting frameworks governing group financial reporting.