Finance – Profit and Loss

Illustration of a circle with graph arrows in the center and store, money icons surrounding it.

A profit and loss statement, also known as a P&L, is a financial report that summarizes a company’s revenues, costs, and profits or losses over a given time period. The profit and loss statement demonstrates a company’s ability to generate sales, control costs, and make a profit. In this course, we will go over the fundamentals of the profit and loss statement.

This course has the following objectives:

• Define the meaning and purpose of the profit and loss statement.
• Explain different types of categories found on the profit and loss statement.
• Apply the concepts on the profit and loss statement to real life situations.

Course Duration: 15m