välitilinpäätöksen

Välitilinpäätös, meaning interim financial statement or interim report in English, is a financial report that covers a period shorter than a full fiscal year. Typically, these reports are prepared on a quarterly or semi-annual basis. The primary purpose of a välitilinpäätös is to provide stakeholders, such as investors, creditors, and management, with timely information about the company's financial performance and position.

These statements are usually less comprehensive than annual financial statements. They often include key financial figures like revenue, expenses, profit or loss, and a balance sheet showing assets, liabilities, and equity. While they may not require a full audit, they are often subject to a review by independent auditors to ensure a reasonable level of accuracy and compliance with accounting standards.

The preparation and publication of välitilinpäätökset are often mandated by regulatory bodies or stock exchanges, especially for publicly traded companies. This ensures transparency and allows investors to make informed decisions based on current financial data, rather than waiting for the annual report. The information presented in a välitilinpäätös helps in assessing trends, identifying potential issues early, and evaluating the effectiveness of management's strategies throughout the year.