Maksuaasta

Maksuaasta, also known as the fiscal year or financial year, is a specific period of 12 months used for accounting and financial reporting purposes. It is the time frame during which a company or organization records its financial transactions and prepares its financial statements. The start and end dates of the maksuaasta can vary depending on the jurisdiction and the specific requirements of the organization. In many countries, the maksuaasta aligns with the calendar year, beginning on January 1st and ending on December 31st. However, some organizations may choose to use a different period, such as a fiscal year that ends on June 30th or September 30th, to better align with their business cycles or tax obligations. The maksuaasta is an essential concept in accounting and finance, as it provides a standardized time frame for measuring and reporting financial performance. It is also used for budgeting, forecasting, and other financial planning activities.