Finantsandmed

Finantsandmed, or financial data, refer to information that describes the financial position, performance and activities of entities, markets and economies. They cover items such as balance sheets, income statements, cash flow data, capital structure, and ownership details, as well as market data like prices, trading volumes and indices. Financial data exist at different levels, from micro-level data about individual companies or households to macro-level data that describe national accounts, sectoral aggregates and financial stability indicators.

Sources and types of finantsandmed include audited financial statements prepared under relevant accounting standards (such as IFRS or GAAP), regulatory filings, internal managerial reports, and external market data feeds. Public sources may include government statistics offices, central banks and securities regulators, while private sources include investment research firms, data vendors and financial service providers. Data can also come from transactional records, payment systems and corporate disclosures.

Standards and formats help ensure interoperability and comparability. Common standards include accounting frameworks, taxonomies for XBRL reporting, and regulatory formats for filings. Data are delivered in various formats such as CSV, XML, JSON or proprietary feeds, and may be accessed via APIs or data terminals, sometimes under licensing arrangements.

Uses of finantsandmed span investment analysis, risk management, corporate budgeting and reporting, regulatory compliance, policy making and academic research. Quality attributes like accuracy, timeliness, completeness, consistency and comparability are crucial, as are governance, privacy and licensing considerations. Challenges include data fragmentation, varying definitions, currency differences and the need for robust data lineage and auditability.