EBIT/EBITDA - Understanding Your Profit and Loss Statement

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.

• Understand the meaning and differences of various terms found in 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