Tasearvoon

Tasearvoon is a Finnish term used in accounting and finance to refer to the book value of an asset or liability as reported on the balance sheet. The form tasearvoon is the illative case of tasearvo, typically appearing in phrases that describe measurements, movements, or notes related to the carrying amount. In practice, the concept centers on the value at which an item is recognised in the company’s financial records, rather than its market price.

The carrying amount (tasearvo) is determined by the measurement basis applied in the applicable accounting framework. Under historical cost accounting, assets are initially recorded at purchase cost and subsequently reduced by depreciation, amortization, and impairment to reflect usage and declines in value. Impairment tests may reduce the carrying amount when the recoverable amount falls below the recorded value. Some standards, notably IFRS, permit a revaluation model for certain asset classes, in which the carrying amount can be adjusted to reflect current fair value, with subsequent depreciation.

In Finnish practice, tasearvo is a core concept in financial statements and notes, distinguishing the recognised value on the balance sheet from other values such as market value. The term appears across reporting contexts, including asset impairment, depreciation policies, and disclosures, and its precise interpretation depends on whether the entity follows Finnish GAAP or IFRS.

See also: carrying amount, book value, fair value, impairment, depreciation, Finnish GAAP, IFRS.