P&L Explained
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.
Learning outcomes:
- 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
Peace of mind with testing
This course also has an assessment at the end which allows learners to test their understanding and helps businesses demonstrate a level of competence in the topic.
Accessibility
Everyone has the right to learn and learner need can vary depending on environment or disabilities. To support this diversity, we provide transcripts so people have text options for media, alongside subtitles for all videos.
Certified training
Our Collections are IOSH approved and CPD certified which gives you piece of mind knowing you're getting good quality content.
Want to see more?
Your business will likely face unique challenges, but our friendly team is happy to answer any questions you may have. We’re eager to show you any specific courses you’re interested in, or guide you through our off the shelf eLearning courses.