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Understanding Profit and Loss

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?

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 Duration

3 Hours