räkenskapsårets

Räkenskapsåret is a Swedish term referring to the accounting year or financial year of a company or organization. It denotes the 12-month period for which financial statements are prepared and reported. The concept is used to determine the timing of profit, losses, and balance sheets.

Typically, the räkenskapsåret lasts twelve consecutive months. Many Swedish companies use the calendar year, ending on December 31, but the end date can be different if approved by the shareholders and defined in the articles of association. The first räkenskapsåret for a newly established company may be shorter or longer than twelve months to align with the start date; in later years the period is normally 12 months.

The accounting year is the basis for the annual accounts (årsredovisning) and the income statement. The result of the räkenskapsåret, the net profit or loss, is recorded as the räkenskapsårets resultat. The year-end figures feed into the balance sheet and are used to inform taxation and reporting obligations.

Changing the end date or length of the räkenskapsåret requires a decision by the general meeting and, in many cases, notification to authorities. The term is widely used in Swedish corporate and tax language, and the possessive form rä kenskapsårets is used to describe something related to a specific accounting year, for example räkenskapsårets resultat.