Essentials – Understanding Budgeting and Finance – Understanding Profit and Loss


Duration: 4 hrs

What you’ll learn

  • 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


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?

Created By: Jenison