Põhisisud

Põhisisud is a term used in Estonian accounting and refers to the core content of financial statements. It encompasses the fundamental financial information that is required for stakeholders to understand a company's economic performance and position. The primary documents that constitute Põhisisud include the balance sheet, income statement, and cash flow statement. The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time. The income statement, also known as the profit and loss statement, details a company's revenues, expenses, and ultimately its profit or loss over a period. The cash flow statement tracks the movement of cash into and out of the company from its operating, investing, and financing activities.

These financial statements are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), depending on the jurisdiction and reporting requirements. The purpose of Põhisisud is to provide transparent and reliable information for decision-making by investors, creditors, management, and other interested parties. Accurate and complete Põhisisud are crucial for assessing a company's financial health, profitability, liquidity, and solvency. Any discrepancies or omissions in these core financial elements can lead to misinterpretations and potentially detrimental business decisions. The preparation and auditing of Põhisisud are subject to strict regulations and professional standards to ensure their integrity.