realiseerimiskuupäev

Realiseerimiskuupäev, meaning "realization date" in Estonian, refers to the date on which a financial transaction, such as a sale or purchase, is officially completed and recognized. This date is crucial for accounting purposes, determining when revenue or expenses should be recorded in a company's financial statements. It signifies the point at which ownership of assets changes hands or a financial obligation becomes firm.

In simpler terms, it's the day a deal is considered done from a financial perspective. For a sale, the realiseerimiskuupäev is typically when the goods are delivered or services are rendered and payment is expected. For a purchase, it's when the goods are received or services are consumed. This contrasts with the order date or invoice date, which may occur before or after the actual realization of the transaction.

Understanding the realiseerimiskuupäev is important for accurate financial reporting, tax calculations, and business analysis. It ensures that revenue and expenses are matched to the period in which they are earned or incurred, adhering to accrual accounting principles. The specific rules for determining the realiseerimiskuupäev can vary depending on the type of transaction and relevant accounting standards.