kirjanpitosäännöksiä

Kirjanpitosäännökset refers to the accounting rules and regulations that govern how financial transactions are recorded and reported in Finland. These rules are established by Finnish legislation and accounting standards, aiming to ensure transparency, comparability, and accuracy in financial reporting. The primary law governing accounting in Finland is the Kirjanpitolaki (Accounting Act). This act details the fundamental principles of bookkeeping, such as the obligation to keep books, the content of accounting records, and the principles of valuation.

In addition to the Accounting Act, Finnish accounting standards, often referred to as FAS (Finnish Accounting Standards), provide more detailed guidance on specific accounting treatments. FAS is issued by the Accounting Board (KLT). While FAS is primarily intended for companies that do not need to follow International Financial Reporting Standards (IFRS), it draws inspiration from international best practices. Larger listed companies are generally required to follow IFRS.

Kirjanpitosäännökset cover various aspects of accounting, including the recognition of revenue and expenses, valuation of assets and liabilities, depreciation of fixed assets, and the preparation of financial statements, which typically include the income statement, balance sheet, and notes to the accounts. Adherence to these rules is crucial for businesses to meet their legal obligations, provide reliable information to stakeholders such as investors, creditors, and tax authorities, and to facilitate sound business decision-making.