Profit & Loss Statement (P&L)

Introduction: Module Objectives

  • Provide an introduction to understanding and measuring profit and loss within the business
  • To give non-financial professionals the knowledge to understand their business performance from a financial perspective
  • To give you confidence with handling numbers in your business


  1. What is a P and L?
  2. Key words used in a P and L
  3. Understanding and controlling your gross margin/direct costs
  4. Understanding your overheads and indirect costs
  5. Variable Costs
  6. Understanding depreciation
  7. A typical P and L
  8. Measuring Performance
  9. Setting bench marks for performance
  10. Reporting on profit and loss
  11. Overview/conclusion