How to Read a Profit & Loss Statement and Balance Sheet

Analyze the figures on a profit and loss account and a balance sheet for both business organizations and for yourself (personal)

The training course is about how you can review a Profit & Loss Account as well as Balance Sheet. Learn the best ways to review the numbers for both an organization as well as for individuals. The concepts are still the same and this is what exactly this program will educate you upon.

We cover terms such as profit, loss, income, expenditures, possessions, liabilities as well as net assets and net capital. There’s a video clip to describe each concept, and course content consists of an instance of a Profit & Loss account and a Balance Sheet.

If you need to review the numbers on bookkeeping records, or you intend to read your personal financial transcript in order to comprehend what exactly it implies and what is taking place, then this training course is for you.

The course will certainly take approx. 1 hour to finish. It’s an optimal program if you are operating in the accounts / finance department and/or if you are considering of taking up a job in accountancy or bookkeeping.

If you are thinking about beginning your very own company and intend to recognize what your figures imply or indicate and whether or not your company is progressing, and how exactly you can surpass those numbers, then this course is for you.

We will describe the material and then you can obtain an opportunity to submit your own monetary report card for yourself (Therefore you will be needing access to your bank statements).

This training program is highly useful for every person who has any type of cash coming into or out of their bank accounts. It’s essential to review your own figures, since that indicates how financially balanced you are. Your balance sheet is an instant indicator, and we’ll reveal how you can review the numbers to know whether things are good, or bad, and how you can enhance the image.