Understanding Profit and Loss
Profit is a key business goal and a fundamental source of growth. But for most of us, it remains a vague notion. This course will answer the following questions: How is profit generated? How is it measured? How do individual managers contribute to profit? What happens to it?
Participants will acquire the knowledge and skills to:
- Know how profit is generated, measured, evaluated and distributed
- Appreciate the importance of profit and of cost control
- Understand the relationship between profit, costs and revenue
- Be able to interpret typical Trading Statements and Profit and Loss Accounts