tilinpäätösvuoden

Tilinpäätösvuosi refers to the accounting year or financial year in Finland. It is the period for which a company or organization prepares its financial statements, including the balance sheet, income statement, and cash flow statement. This period typically aligns with the calendar year, running from January 1st to December 31st, but it can also be a different 12-month period, known as a non-calendar financial year.

The determination of the tilinpäätösvuosi is a crucial aspect of financial reporting. Companies must adhere to Finnish accounting standards and tax laws when defining and reporting their financial results for this period. The end of the tilinpäätösvuosi marks the deadline for preparing and submitting financial statements to relevant authorities, such as the Finnish Patent and Registration Office (PRH) and the Finnish Tax Administration.

Accurate and timely preparation of the tilinpäätös is essential for several reasons. It provides stakeholders, including shareholders, creditors, and management, with a clear overview of the entity's financial performance and position. It also forms the basis for tax calculations and dividend distributions. The information presented in the financial statements reflects the economic activities and financial health of the company over the specified tilinpäätösvuosi.