Testiaruanded

Testiaruanded are financial statements that are prepared for internal management purposes rather than for external reporting. They are used to help managers make decisions about the company's operations. Testiaruanded can include a variety of information, such as sales forecasts, cost projections, and profitability analyses. They are often more detailed than external financial statements and can be tailored to the specific needs of management. The term "testiaruanded" is derived from the Estonian words "test" meaning "test" and "aruanded" meaning "reports."

The purpose of testiaruanded is to provide management with timely and relevant information to guide decision-making. This can include evaluating the performance of different departments or product lines, assessing the feasibility of new projects, or identifying areas where costs can be reduced. Unlike statutory financial reports which adhere to strict accounting standards like IFRS or GAAP, testiaruanded allow for more flexibility in their preparation and content. Management can choose the metrics and the level of detail that best suits their analytical needs.

Key characteristics of testiaruanded often include their focus on future projections, such as budgets and forecasts, and their use in performance evaluation. They might also include non-financial data that is relevant to operational efficiency. The preparation and use of testiaruanded are internal processes, and their contents are generally not disclosed to the public or external stakeholders. This allows for greater transparency within the organization regarding sensitive or forward-looking strategic information.