P&L Explained | Online Training
How are you going to show that you’re sticking to your budget? You may need to report internally, inform stakeholders, or simply reassure yourself that everything is going to plan. You need a P&L statement! This document (or spreadsheet) shows the financial performance of a venture over a certain accounting period (usually a financial year, quarter, or month). Where a cash flow statement shows the actual cash inflows and outflows, the P&L statement shows whether the venture is profitable. That’s right. Profitability is not the same as cash in the bank. This course uncovers why that is, and much more.
• Define what a Profit and Loss Statement is• Demonstrate how to create a Profit and Loss Statement• Know how this differs from a Cash Flow Statement• Understand how this can help in preparing future budgets
A P&L statement (aka “income statement”) ultimately shows you whether a company is earning more money than its spending over a particular period. It’s one of 3 main financial statements used to analyse a company’s financial health, along with the balance sheet and cash flow statement. This ‘P&L explained’ course will show you how a P&L statement is prepared, and how understanding the principles this involves can be helpful when it comes to preparing future budgets.
This new business training course is a crucial part of our collection of new business online training courses, designed for start-up owners and managers. If you’re running a small business (or you’re responsible for company or departmental accounts), or if you want to check out the financial reports filed by other public companies, an understanding of profit and loss is essential.
Everyone has the right to learn and learner need can vary demanding on environment or disabilities. This course comes with transcripts so people have text options for an media, subtitles for all videos and is screen reader friendly with alternative text.We take a number of steps to ensure visuals and navigation is easy for your people. For more information on the steps we take for accessibility check out how we make our courses.
