vuositilinpäätöksen

Vuositilinpäätös is a Finnish term that translates to "annual financial statement" or "year-end financial statements." It refers to a comprehensive set of financial reports that a company or organization is legally required to prepare and present at the end of each fiscal year. The primary purpose of the vuositilinpäätös is to provide a clear and accurate overview of the entity's financial performance, position, and cash flows during the past financial year.

The vuositilinpäätös typically includes several key components. The income statement (tulostiedote) details the revenues, expenses, gains, and losses, ultimately showing the company's net profit or loss. The balance sheet (tase) presents a snapshot of the company's assets, liabilities, and equity at a specific point in time. The cash flow statement (rahavirtalaskelma) tracks the movement of cash into and out of the company from its operating, investing, and financing activities. Additionally, the vuositilinpäätös often includes notes to the financial statements (liitetiedot), which provide further explanations and details about the figures presented in the main statements.

In Finland, the preparation and submission of the vuositilinpäätös are governed by specific accounting laws and regulations. Companies are generally required to have their annual financial statements audited by an independent auditor, especially if they meet certain size or legal thresholds. The vuositilinpäätös serves as a crucial document for various stakeholders, including shareholders, investors, creditors, tax authorities, and management, aiding them in making informed decisions and assessing the financial health and viability of the organization.