Finance for Non-Financial Managers: An Introduction to the Profit and Loss Account (P&L)

Dave JoneseLearning, Finance for Non-Financial Managers0 Comments

Profit and Loss Account Break Down

A short guide to the Profit and Loss Account (P&L) for Non-Financial Managers… The P&L (also known as the Income Statement) is a Financial Statement that records the level of profit – or loss – that a business earns over a defined period of time (usually one year). It does this by relating the income (also known as ‘sales’ or ‘revenues’) … Read More

Finance for Non-Financial Managers: An Introduction to the Financial Statements

Dave JoneseLearning, Finance for Non-Financial Managers0 Comments

financial statements

A short guide to the Financial Statements for Non-Financial Managers… The separation of ownership and control for modern businesses means that managers need to make detailed reports to the owners – in the form of Financial Statements. The question of how well (or badly) a business is doing is answered in the form of the Profit and Loss Account (P&L). … Read More