Understanding Profit and Loss

Understanding Profit and Loss

This course addresses the construction and calculation of the Basic and Expanded P & L Statement

In the Basic P & L Statement

We will examine

• Basic Components of the P & L Statement

• Net Sales

• Cost of Goods Sold

• Gross Margin

• Operating Expenses

• Operating Profit

• Interrelationships among Components

• Four Variables Adjusted for Profit

We will also discuss how to adjust the Four Profit Variables, to increase store profit.

• Retail price

• Sales volume

• Cost of goods sold

• Operating expenses

In the Expanded Statement

We will examine

• Gross Sales

• Reductions

• Total Costs of Goods Sold

• Maintained Markup

• Gross Margin

• Contribution Margin

• GMROI

You will have worked examples to understand each component and Quizzes that help you think and remember the components and see the relationship between each of the component

Lets get started

Learn how to read a P&L Statement along with the math that goes behind each element of that document

Url: View Details

What you will learn

• Profit and Loss Statements
• Formulas for calculating elements of a P&L Statement

Rating: 3.95833

Level: Beginner Level

Duration: 43 mins

Instructor: Shashank Jani