Fundamentals of Business Finance: The Profit & Loss Statement

Have you ever been asked “How profitable is your business?” and not known what to say?  Have you ever tried seeking funding for your business and come to a dead end when you were asked for your “P&L”? 

The course below covers the basics of one of the three most important financial documents in businessthe Profit & Loss Statement (or “P&L”).  You’ll learn: 

  1. How to read a P&L from top to bottom 
  2. How to organize your information into a P&L   
  3. The role of the P&L in seeking financing (e.g. a loan, investor, etc.) 

This class was developed by CIC staff who combine expertise in finance, banking, and education. In our approach, we strive to make the materials accessible to all audiences. We hope you enjoy it!

The Profit & Loss Statement

Original Air Date: Thursday, May 21, 2020.  

CLICK HERE to view all the resource materials shared in this course.