Tilinpäätösohjeistusta

Tilinpäätösohjeistusta refers to the set of rules, guidelines, and principles that govern the preparation and presentation of financial statements. In Finland, this guidance is primarily rooted in the Finnish Accounting Act (Kirjanpitolaki) and the Finnish Companies Act (Osakeyhtiölaki). These laws establish the fundamental requirements for accounting and financial reporting.

Beyond the statutory requirements, the Accounting Board (KILA - Kirjanpitolautakunta) provides detailed pronouncements and recommendations that clarify and elaborate on the application of the accounting legislation. These KILA guidelines are crucial for ensuring consistency and comparability in financial reporting across different companies. They address specific accounting issues, such as revenue recognition, inventory valuation, and depreciation methods, offering practical solutions and interpretations.

Furthermore, accounting standards issued by international bodies, such as the International Financial Reporting Standards (IFRS), can influence Finnish tilinpäätösohjeistusta, particularly for companies listed on stock exchanges or operating internationally. While Finnish law is the primary framework, adherence to IFRS is often required or beneficial for such entities. The goal of tilinpäätösohjeistusta is to ensure that financial statements provide a true and fair view of a company's financial position, performance, and cash flows, enabling stakeholders like investors, creditors, and regulatory bodies to make informed decisions.