Introduction:
Are you in charge of a budget and need to show that you are sticking to it? Do you want to assess the financial activity and health of a company or project? If so, understanding the profit and loss (P&L) statement is essential.

Course Objectives:
In this course, you will learn how to define a P&L statement, create one, and understand how it differs from a cash flow statement. Additionally, you will discover how a P&L statement can help in preparing future budgets.

Why take this course:
Whether you are running a business, responsible for a company or departmental accounts, or just want to check out the financial reports filed by public companies/potential investments, an understanding of profit and loss is crucial. By learning how to produce a P&L statement, you will be able to quantify a company or project's financial health and make informed decisions.

Conclusion:
By the end of this course, you will have a solid understanding of the profit and loss statement and how it can be used to monitor financial activity and health. You will be able to create a P&L statement, differentiate it from a cash flow statement, and use it to prepare future budgets. Don't miss out on this opportunity to enhance your financial knowledge and skills.