tilinpäätösdokumentti

A tilinpäätösdokumentti, often translated as financial statements or year-end accounts, is a formal collection of documents that a company or organization is legally required to prepare and submit at the end of its financial year. These documents provide a comprehensive overview of the entity's financial performance and position over a specific period. The primary components typically include the income statement (or profit and loss account), the balance sheet, and the cash flow statement. In addition to these core statements, a tilinpäätösdokumentti also usually contains notes to the financial statements, which offer further details and explanations regarding the figures presented, as well as the auditor's report if the company is subject to an audit. The purpose of these documents is to inform stakeholders, such as shareholders, creditors, tax authorities, and management, about the company's financial health, profitability, and solvency. They are crucial for decision-making, transparency, and compliance with legal and regulatory requirements. The specific content and format may vary slightly depending on the jurisdiction and the type of entity, but the fundamental goal remains consistent: to present a true and fair view of the financial situation.