tilivuoden

Tilivuosi is the annual accounting period used for financial reporting in Finnish accounting. It defines the time span over which revenues and expenses are recorded and the period for which the balance sheet, income statement, and other notes are prepared. The tilivuosi is usually 12 months long, but it may begin on any date chosen by the entity. As a result, tilivuosi need not coincide with the calendar year; examples include a tilivuosi running from February 1 to January 31, or from June 1 to May 31. In practice, many companies choose a calendar-year tilivuosi for simplicity, but the period must be established in accordance with applicable accounting rules.

In Finland, tilivuosi is governed by the Accounting Act and related regulations. The term tilivuosi is often treated as synonymous with tilikausi, i.e., the accounting period for which financial statements are prepared. The tilivuosi framework underpins tax reporting, audit readiness, and stakeholder information, and any change to the tilivuosi must be implemented in compliance with the relevant rules.

Tilivuosi serves as the basis for preparing annual financial statements, which typically include the balance sheet, income statement, and notes. These documents are used for taxation, corporate reporting, and informing investors, creditors, and regulators. The concept is common in Finnish accounting and finance contexts, though tilikausi is a more widely used term in official texts.

See also tilikausi, kirjanpito, tilinpäätös, verovuosi.