Profit and Loss Statement

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What is a Profit and Loss Statement? Meaning.

The Profit and Loss Statement of a company indicates how its net revenues (money received from the sale of its products and services) were transformed into net income (the result after all expenses have been accounted for).

It helps investors and creditors to evaluate the past performance of the company, to predict its future performance and to assess the risk of achieving future cash flows.

Synonyms are: Income Statement and P&L.

The P&L lists the different types of revenues that the company has earned and the expenses that it incurred. Typical categories on the Income Statement are:

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🔥 NEW Statement of Comprehensive Income
I'd like to understand the definition of a statement of comprehensive income and how to prepare it.> I believe the statement of comprehensive income represents the performance of a business. If there...
Quotes on P&L Statements. Quotations
Hi, do you know of a remarkable, humorous quote by a famous person or a proverb related to P&L Statements?>Please enter a reaction to share it for other people to enjoy! Please use this template:>Auth...

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Financial Statement Analysis | Ratio Analysis

Ratio Analysis, Finanical Statement Analysis
This presentation provides insights in Financial statement and ratio analysis, and includes the following sectios: 1. F...

Quickly Reading a Profit and Loss Statement and a Balance Sheet

Profit and Loss Statement Analysis, Analyzing a P&L
This video explains that when we're reading a profit and loss statement as a director we should: - Not focus on the fig...

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Compare with: Return on Net Assets  |  EBIT  |  EBITDA  |  Dupont Model  |  Economic Value Added  |  Corporate Transparency  |  Intangible Assets

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