The Profit and Loss Statement

Course Outline

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.