tilinpäätösarvio

A tilinpäätösarvio, often translated as financial statement review or preliminary financial statement assessment, is a crucial step in the accounting process. It refers to the examination and evaluation of a company's financial statements, typically before they are finalized and presented to stakeholders. This process aims to ensure accuracy, identify potential errors or inconsistencies, and provide an early indication of the company's financial performance and position.

The tilinpäätösarvio involves reviewing key financial figures such as revenue, expenses, assets, and liabilities. Accountants and auditors will compare these figures against previous periods, industry benchmarks, and internal budgets to identify significant variances. They will also assess the underlying accounting policies and procedures to ensure they are applied correctly and consistently. This review can highlight areas that may require further investigation or adjustment before the official financial statements are prepared.

The outcome of a tilinpäätösarvio can influence management decisions, facilitate early identification of financial challenges, and streamline the subsequent audit process. It serves as a quality control measure, aiming to enhance the reliability and transparency of the company's financial reporting. This proactive assessment is a standard practice for many businesses to maintain sound financial management and governance.