Käyttöomaisuuden

Käyttöomaisuus, often translated as fixed assets or property, plant, and equipment (PP&E) in English, refers to tangible assets that a company owns and uses in its operations for more than one accounting period. These are not intended for sale in the ordinary course of business. The primary purpose of käyttöomaisuus is to generate economic benefits for the company over its useful life.

Examples of käyttöomaisuus include land, buildings, machinery, vehicles, and furniture. These assets are typically recorded on a company's balance sheet at their historical cost, which includes the purchase price and any costs incurred to make the asset ready for its intended use. Over time, these assets are subject to depreciation or amortization, reflecting their gradual loss of value due to wear and tear, obsolescence, or usage.

The accounting treatment of käyttöomaisuus is governed by accounting standards, such as International Financial Reporting Standards (IFRS) or local Generally Accepted Accounting Principles (GAAP). Proper management and accounting for these assets are crucial for accurate financial reporting, tax compliance, and investment decisions. Companies often have policies in place for the acquisition, depreciation, and disposal of their fixed assets. The classification and valuation of käyttöomaisuus significantly impact a company's financial statements, influencing profitability, asset base, and cash flow.