The Profit and Loss Statement

Key details

Mode of delivery: Classroom-based

Course code: AFB102AB

Duration: 1 day

Fee: £745.00 + VAT

CPD Hours: 6

Course Overview

This training workshop demonstrates the profit and loss (P&L) statement, which summarises the revenues, costs, and expenses incurred during a specified period.

Agenda

  • Measurement of income
  • Types of costs and expenses
  • The many levels of profit
  • Opex and capex

Target Audience

This training workshop is suitable for:

  • New accounting staff who need to understand the financial accounting function holistically.
  • Accountancy staff with no formal qualifications.

Learning Outcomes

Upon completion of this training workshop, you will understand:

  • The various definitions of income.
  • Why the term “profit” has a number of meanings.
  • How and why you should distinguish between operational and capital expenditure.

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