Tilinpäätösohjeita

Tilinpäätösohjeita refers to guidelines or instructions related to the preparation of financial statements in Finland. These instructions are crucial for companies and other entities to ensure that their financial reporting is accurate, consistent, and complies with relevant laws and accounting standards. The primary legislation governing financial statements in Finland is the Finnish Accounting Act (Kirjanpitolaki).

The Finnish Accounting Act outlines the general principles for bookkeeping and financial reporting. It specifies what information must be included in financial statements, such as the balance sheet, income statement, and notes to the accounts. These statements provide a snapshot of an entity's financial position and performance over a specific period.

In addition to the Accounting Act, various pronouncements and guidelines are issued by regulatory bodies and professional organizations to provide more detailed instructions. The Finnish Accounting Board (KILV) plays a significant role in issuing statements and interpretations on accounting matters. These guidelines often address specific accounting treatments, recognition and measurement of assets and liabilities, and disclosure requirements.

For listed companies, additional reporting requirements are imposed by the Finnish Securities Market Act and the rules of the stock exchange. These often mandate adherence to International Financial Reporting Standards (IFRS), which are a set of globally recognized accounting standards. The tilinpäätösohjeita for these companies would therefore also encompass IFRS requirements.

The purpose of these instructions is to ensure transparency, comparability, and reliability of financial information. This allows stakeholders, such as investors, creditors, and tax authorities, to make informed decisions. Adherence to tilinpäätösohjeita is a legal obligation, and non-compliance can lead to penalties.