tilinpäätösstandardin

Tilinpäätösstandardi refers to accounting standards used in Finland. These standards provide a framework and guidelines for how companies should prepare their financial statements. The primary purpose of accounting standards is to ensure that financial information is presented in a consistent, comparable, and understandable manner. This facilitates decision-making for various stakeholders, including investors, creditors, and management.

In Finland, tilinpäätösstandardit are largely based on the International Financial Reporting Standards (IFRS) for listed companies. However, for smaller and unlisted companies, national accounting standards, often referred to as "yleiset tilinpäätösperiaatteet" (general accounting principles), are applied. These national standards are typically less complex and may allow for simpler accounting treatments.

The Finnish Accounting Act (Kirjanpitolaki) and related regulations set the legal basis for financial reporting. The Finnish Accounting Board (Päätöksentekoelin) plays a role in developing and interpreting these standards. Adherence to the applicable tilinpäätösstandardi is crucial for companies to meet their legal obligations and to provide reliable financial information to the public. The choice of reporting standards can impact a company's reported financial performance and position, making it important for users of financial statements to understand which standards have been applied.