Finnish closing adjustments and evidence controls
Overview
This page defines adjustment categories and evidence controls that are typically required before final Finnish financial statements are produced. It does not restate filing deadlines or UI design requirements.
Adjustment categories
Accrual adjustments align revenue and expenses to period substance through accrued income, accrued expenses, and prepayments. These entries are required to preserve a true and fair view when cash timing differs from delivery timing.
Depreciation and impairment controls align fixed-asset carrying values with plan-based depreciation and value-loss evidence. Inventory controls align ending inventory value with cost/realizable-value logic and documented count support.
Provision controls capture probable future obligations tied to current or earlier periods where recognition criteria are met. Receivable-loss controls require case-based support for collectability deterioration before loss recognition.
Payroll and employer-liability accrual controls ensure earned-but-unpaid payroll costs and related charges are recognized in the correct period.
Tax closing controls include current tax accruals and, where applicable, deferred-tax analysis from temporary differences with explicit documentation of recognition policy.
Evidence and traceability controls
Each material adjustment must have support that is reviewable without ambiguity. In practice this means voucher-level support for postings and calculation-level support for note disclosures and estimate-based entries.
Traceability must remain continuous from source event to statement line, and from statement line back to source evidence, including note disclosures where those notes complete true-and-fair-view obligations.
Closing quality requires that this evidence remains available for audit, authority review, and long-term retention obligations under Finnish bookkeeping requirements.
BusDK execution mapping
In BusDK workflows, these controls are represented as repository data and append-only postings in journal and related datasets, plus report and disclosure artifacts generated from the closed boundary. Use Year-end close (closing entries) for command sequence and Finnish closing deadlines and legal milestones for statutory timing anchors.