tilinpäätöslaskelmille

Tilinpäätöslaskelmat, commonly translated as financial statements, are a set of reports that summarize a company's financial performance and position over a specific period. These statements are crucial for understanding a business's health and are used by various stakeholders, including investors, creditors, management, and regulatory bodies. The primary financial statements typically include the income statement (or profit and loss statement), the balance sheet, and the cash flow statement.

The income statement presents a company's revenues, expenses, and ultimately, its profit or loss over a given accounting period, such as a quarter or a year. It shows how effectively a company generates sales and manages its costs. The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time. Assets represent what the company owns, liabilities are what it owes to others, and equity is the owners' stake in the company. The accounting equation, Assets = Liabilities + Equity, is fundamental to the balance sheet.

The cash flow statement tracks the movement of cash and cash equivalents into and out of a company. It is categorized into three main activities: operating, investing, and financing. This statement helps assess a company's ability to generate cash, meet its obligations, and fund its operations and growth. Together, these financial statements offer a comprehensive view of a company's financial activities and performance, enabling informed decision-making.