Summary |
How to Read a Profit and Loss Statement focuses on Income Statement or P & L Statement, one of the chief indices of profitability of a business, and a key driver of strategic organizational decisions. The book covers:
• Definition, overview, and importance of a P & L statement
• Key components of a P & L statement and methods of computation
• Relationship between balance sheet and P & L statement
• Analysis of P & L statement of a manufacturing concern
• Exercises with answer keys
Using simple language and short stories to set the stage and tone for theoretical discussions, it helps non-finance executive make sense of jargon-laden P & L statements of their firms and competing ones.
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