Käyttöomaisuuserät

Käyttöomaisuuserät is a Finnish accounting term that translates to "fixed assets" or "assets for use" in English. It refers to tangible or intangible assets that a company owns and uses in its operations for more than one accounting period. These assets are not intended for resale in the ordinary course of business.

Examples of tangible fixed assets include land, buildings, machinery, equipment, vehicles, and furniture. Intangible fixed assets, on the other hand, do not have a physical form but still hold value. These can include patents, copyrights, trademarks, licenses, and goodwill.

Fixed assets are crucial for a company's ability to generate revenue. They are typically recorded on the company's balance sheet at their historical cost. Over time, most fixed assets lose value due to wear and tear, obsolescence, or usage. This decrease in value is accounted for through depreciation (for tangible assets) or amortization (for intangible assets), which is recognized as an expense in the income statement.

The management of fixed assets involves various activities, including acquisition, maintenance, depreciation, and eventual disposal. Proper accounting and management of these assets are essential for accurate financial reporting, tax purposes, and strategic decision-making regarding a company's long-term investments and operational capacity. The classification and valuation of käyttöomaisuuserät are governed by Finnish accounting standards and tax legislation.