Tilinpäätöshetki
Tilinpäätöshetki is a Finnish term that translates to "closing date" or "balance sheet date" in English. It refers to the specific point in time at which a company's financial statements are prepared. This date is crucial for accounting purposes as it marks the end of an accounting period, typically a fiscal year or a quarter.
At the tilinpäätöshetki, all financial transactions that have occurred up to that point are recorded and summarized.
The tilinpäätöshetki is determined by the company's articles of association or by relevant legislation. Once established,
The information gathered at the tilinpäätöshetki forms the basis for the company's annual financial report, which