kontomajandus

Kontomajandus is a term that broadly refers to the economic activities and principles associated with the management and organization of companies, particularly in the context of accounting and financial reporting. It encompasses the systematic recording, classifying, summarizing, and interpreting of financial transactions that are essential for business operations and decision-making. The core of kontomajandus lies in understanding how financial information is generated, processed, and used to assess a company's performance, financial position, and cash flows.

Key aspects of kontomajandus include financial accounting, which focuses on external reporting to stakeholders like investors and creditors, and management accounting, which provides internal information for managers to plan, control, and make decisions. It involves understanding concepts such as assets, liabilities, equity, revenue, and expenses, as well as the principles behind creating financial statements like the balance sheet, income statement, and cash flow statement. The goal is to ensure transparency, accuracy, and accountability in a company's financial dealings, contributing to its overall economic health and sustainability.