aruandluskontekstis

Aruandluskontekstis is a term used in Estonian discourse to describe the contextual factors that influence the preparation and interpretation of accounting and other reporting information. It highlights that financial reporting is shaped by a combination of external rules, internal objectives, and user needs rather than by purely technical calculations.

The context comprises regulatory requirements (such as national accounting standards or IFRS adoption where applicable), the stated objectives of the report, the intended audience, materiality thresholds, and the choice of measurement and disclosure methods. It also includes governance structures, risk management practices, and industry norms.

Practically, the context affects recognition, measurement, and disclosure decisions, as well as how results are presented and interpreted. It guides how notes are drafted, which information is material to users, and how comparable reports from different entities should be evaluated.

The concept is widely used in academic and professional discussions to compare reporting across jurisdictions or organizations and to assess reporting quality. It is not a formal standard by itself but a framework for understanding how context shapes financial information.

See also: Financial reporting, Accounting standards, Materiality, Disclosures, Corporate governance.