kirjanpitokäytäntönsä

Kirjanpitokäytäntönsä refers to a company's or an organization's accounting policies. These are the specific rules and methods that an entity uses to prepare its financial statements. They are derived from accounting standards, such as International Financial Reporting Standards (IFRS) or national Generally Accepted Accounting Principles (GAAP), and are adapted to the specific circumstances of the reporting entity.

Accounting policies cover a wide range of areas, including how revenues are recognized, how inventory is valued, how fixed assets are depreciated, and how provisions for liabilities are made. They also address the classification of financial instruments and the methods used for foreign currency translation. The choice of accounting policies can significantly impact the reported financial performance and position of an entity.

Entities are required to disclose their significant accounting policies in the notes to their financial statements. This disclosure allows users of the financial statements, such as investors, creditors, and regulators, to understand the basis on which the financial information has been prepared and to compare it with the financial statements of other entities. Changes in accounting policies must be applied retrospectively, meaning that prior periods are restated to reflect the new policy, unless impracticable. The objective is to ensure consistency and comparability in financial reporting over time.