kirjanpitokohtainen

Kirjanpitokohtainen refers to a principle in accounting where transactions are recorded based on the specific company or entity they belong to. This means that each business maintains its own distinct set of financial records, separate from any other business or its owners. The principle ensures that the financial performance and position of a single entity are clearly identifiable and measurable.

When a transaction occurs, it is allocated to the specific accounting records of the business responsible for that transaction. This is crucial for accurate financial reporting, tax purposes, and internal management decision-making. Without this principle, it would be impossible to determine the profitability or solvency of an individual company, especially in cases where multiple entities share ownership or operate under the same management.

The kirjanpitokohtainen principle is a fundamental aspect of generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). It underpins the concept of legal and economic separation between different entities, even if they are related. This separation is vital for auditing, investor confidence, and fulfilling legal obligations. Essentially, it means that each company's books are its own, reflecting only its own economic activities.