EBIT/EBITDA - Understanding Your Profit and Loss Statement- SHRM & HRCI Accredited

This training program will review different types of profit and loss statements, including a QuickBooks profit and loss standard layout as a complex, multi-fund example. Attendees will learn how to analyze growth or loss within a business or department by comparing progressive reports. The Learning Objectives are:

Understand the meaning and differences of various terms found on a profit and loss statement
         1. Revenue, sales, valuation
         2. Costs, expenses, EBIT
         3. Gross profit, operating profit, net profit


Know when each set of numbers should be reviewed, what they can tell you, and in which areas of your reports external business partners will be interested
Review different types of profit and loss statements, including a QuickBooks profit and loss standard layout as a complex, multi-fund example
Discussion of periodic reports over time and how to analyze growth or loss within your business or department by comparing progressive reports, including suggestions for areas in which to look for typical problems and simple solutions
Learn how your chart of accounts affects various lines of your profit and loss statement
Questions to ask yourself and your accountant when reviewing your profit and loss statement and what the answers mean