konsolidoitu

Konsolidoitu is a Finnish term that can be translated to English as "consolidated". However, in the context of Finnish commercial law, it specifically refers to the process of combining the financial statements of a company and its subsidiaries into a single set of accounts.

According to the Finnish Companies Act, a consolidated financial statement must be prepared by a parent company that owns shares or holds a commanding interest in other companies. The purpose of consolidation is to present a comprehensive picture of the company's financial situation, including its assets, liabilities, equity, revenue, and expenses.

The consolidation process involves combining the financial statements of the parent company and its subsidiaries, eliminating intercompany transactions, and making adjustments for any differences in accounting policies. The consolidated financial statement is then filed with the Finnish Trade Register and made available to the public.

Konsolidoitu is a requirement for public and limited liability companies in Finland, as well as for groups of companies that are subject to the same control. The Finnish Accounting Act sets out the guidelines for preparing consolidated financial statements, which include the preparation of a consolidated balance sheet, income statement, and cash flow statement.

The process of konsolidoitu is an essential part of Finnish company law, aimed at providing transparency and accountability to stakeholders. It enables investors and analysts to assess the financial health and performance of a company and its subsidiaries on a consolidated basis.