Lõpparuannetes

Lõpparuannetes are a type of financial statement in Estonia used to provide a comprehensive overview of a company's financial performance over a specific period. These statements are typically prepared at the end of an accounting period and are considered a crucial part of a company's financial reporting.

Lõpparuannetes include a balance sheet, income statement, and cash flow statement, which are similar to those found in international financial reporting standards. However, the format and specific requirements may differ from internationally recognized standards. The Estonian Auditing Association and the Estonian Financial Reporting Standards Commission provide the necessary guidelines and regulations for preparing and presenting lõpparuannetes.

One of the key characteristics of lõpparuannetes is that they are prepared in accordance with the Estonian Accounting Standard Board's regulations and guidelines. These statements are intended to provide stakeholders, such as investors, creditors, and regulatory bodies, with a clear and transparent view of a company's financial situation and performance.

The preparation of lõpparuannetes is subject to review and audit by regulatory bodies and financial institutions. Companies are required to submit their lõpparuannetes to the Estonian Commercial Register, which makes the information publicly available.

In summary, lõpparuannetes are essential financial statements that provide a comprehensive overview of a company's financial performance in Estonia. They are prepared in accordance with local regulations and guidelines, and are subject to review and audit by regulatory bodies and financial institutions.