Tilinpäätösraportit

Tilinpäätösraportit, often translated as financial statements or annual reports, are formal records of a company's financial activities and position over a specific period. These reports are crucial for understanding a company's performance and health. The primary components typically 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 particular point in time. The income statement, also known as the profit and loss statement, details a company's revenues, expenses, and profits or losses over a period. The cash flow statement tracks the movement of cash both into and out of the company, categorized into operating, investing, and financing activities.

In Finland, tilinpäätösraportit are prepared according to Finnish Accounting Standards (FAS) or International Financial Reporting Standards (IFRS) for listed companies. These reports are typically prepared annually, but interim reports for shorter periods also exist. They serve multiple purposes: they inform shareholders about the company's performance, assist lenders in assessing creditworthiness, provide data for tax authorities, and are used by management for decision-making and strategic planning. The preparation and auditing of these reports are governed by strict legal and professional requirements to ensure accuracy and transparency. Independent auditors review the financial statements to provide an opinion on whether they present a true and fair view of the company's financial situation.