arvestuseeskirju

Arvestuseeskiri (accounting policy) is an internal document describing the accounting principles, methods, and rules that a company applies in bookkeeping and in the preparation of financial statements. It translates statutory requirements into practical procedures and helps ensure consistency and comparability of financial information across reporting periods and within a corporate group.

A typical arvestuseeskiri covers recognition and measurement principles for assets, liabilities, equity, income, and expenses; depreciation and amortization methods and useful lives; impairment testing; inventory valuation; revenue recognition; foreign currency translation; treatment of financial instruments; leasing; provisions and contingencies; capitalization thresholds; consolidation rules; and, where relevant, tax accounting policies and disclosures. It is prepared by management and approved by the governing body, and it should align with the Estonian Accounting Act and the applicable accounting standards.

The document is reviewed and updated whenever standards change or business processes are modified, and changes are communicated to accounting staff and auditors. An arvestuseeskiri supports the preparation of annual accounts and notes, as well as group reporting, by providing consistent measurement bases and disclosure practices. It does not replace statutory requirements but explains how the organization applies them in practice. Maintaining a current arvestuseeskiri is part of corporate governance and internal control, helps ensure comparability over time, and facilitates audit and tax reporting.