Essentials - Understanding Budgeting and Finance - Understanding Profit and Loss

Course Content

• Profit in Perspectives
• Costs and Revenues
• The Trading Statement
• The Profit and Loss Account
• Including: Check my Understanding Tests and Full Course Test

Learning Objectives

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 

Course Overview

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?

Course Duration

120- 240 minutes