tilinpäätösohjeistukseen

Tilinpäätösohjeistus refers to the guidelines and instructions provided for the preparation of financial statements in Finland. These instructions are crucial for ensuring that companies comply with relevant accounting legislation and standards. The primary legislation governing financial statements in Finland is the Finnish Accounting Act (Kirjanpitolaki), which sets out the fundamental principles and requirements for bookkeeping and financial reporting.

In addition to the Accounting Act, the Finnish Accounting Board (Palkkaneuvosto) issues detailed recommendations and statements that provide further clarification and guidance on specific accounting issues. These official pronouncements aim to harmonize accounting practices across different industries and company types.

The tilinpäätösohjeistus covers a wide range of topics, including the recognition and measurement of assets, liabilities, and equity, as well as the presentation and disclosure of information in the income statement, balance sheet, and notes to the financial statements. It also addresses specific requirements for different business structures, such as limited liability companies, sole proprietorships, and partnerships.

The purpose of following these guidelines is to ensure that financial statements are reliable, comparable, and provide a true and fair view of a company's financial position and performance. This facilitates informed decision-making for stakeholders, including investors, creditors, and management, and supports regulatory oversight. Companies are expected to adhere to the tilinpäätösohjeistus to meet their legal obligations and maintain transparency in their financial reporting.