The profit and loss account
interactive

The profit and loss account

How to recognise, represent and interpret revenues, costs and expenses that comprise the profit and loss account.

skilla
Updated Oct 13, 2024

What you'll learn

  • Recognise the main elements of the profit and loss account and being able to interpret it correctly.
Course Description

Do you know how to interpret a company’s profit and loss account, or do you find it a difficult document to understand? What does it mean to develop a company's revenue? In what way are the costs attributable to revenue? What causes a company’s profitability?

In this pill you will learn the importance of analysing a company’s profit and loss account, how to interpret it, and its main components.