tilikautta

Tilikautta is a Finnish accounting term referring to the period for which a company prepares its financial statements. In practice, this period is known as the tilikausi, or fiscal year, and tilikautta is the inflected form used in Finnish texts to indicate things happening "during the fiscal year" or related to that period.

In Finland, the tilikausi typically lasts about 12 months, and many businesses choose to align it with the calendar year. However, the start and end dates of the tilikausi can be set by the company within the framework of Finnish accounting and corporate law, as long as the period is continuous and covers a single financial year for reporting purposes. The end of the tilikausi is when the year-end closing takes place, after which financial statements, such as the income statement and balance sheet, are prepared and usually submitted for auditing and tax assessment.

The tilikausi forms the basis for reporting profits or losses, assessing assets and liabilities, and determining corporate tax obligations. Changes to the tilikausi, or transitions between different tilikaudet, typically require appropriate notifications and compliance with statutory reporting requirements.

Etymologically, tilikautta is the form used in sentences that describe activities or events occurring within the fiscal year. Related concepts include tilikausi (the fiscal year itself), tilinpäätös (annual financial statements), and kirjanpito (bookkeeping).