tilinpäätösen

Tilinpäätöksen refers to the financial statements that a company or organization prepares at the end of each accounting period. This document is a crucial part of the annual financial reporting process, as it provides a comprehensive summary of a company's financial performance over a specific period.

The purpose of tilinpäätös is to present a true and fair view of a company's financial position, financial performance, and cash flows. It typically includes several key components, such as the balance sheet, income statement, and cash flow statement. These statements provide stakeholders with valuable information about a company's financial health, revenues, expenses, assets, liabilities, and equity.

Tilinpäätöksen is often prepared in accordance with the accounting standards and regulations of the country in which the company operates. For example, in Finland, companies must prepare their tilinpäätös in accordance with the Finnish Accounting Standard (FAS). The document typically includes footnotes and additional disclosures that provide context and explanation for the financial information presented.

The preparation and submission of tilinpäätös are typically subject to auditing and review by external auditors and regulatory bodies. In some cases, the document may also be subject to review by the company's board of directors and shareholders.

In summary, tilinpäätös is a critical document that provides stakeholders with a comprehensive understanding of a company's financial performance and position. Its preparation and submission are subject to various regulations and requirements, and are an essential part of the annual financial reporting process.