Brief Introduction
Learn how to read a P&L Statement along with the math that goes behind each element of that documentDescription
This course addresses the construction and calculation of the Basic and Expanded P & L Statement
In the Basic P & L Statement
We will examine
Basic Components of the P & L Statement
Net Sales
Cost of Goods Sold
Gross Margin
Operating Expenses
Operating Profit
Interrelationships among Components
Four Variables Adjusted for Profit
We will also discuss how to adjust the Four Profit Variables, to increase store profit.
Retail price
Sales volume
Cost of goods sold
Operating expenses
In the Expanded Statement
We will examine
Gross Sales
Reductions
Total Costs of Goods Sold
Maintained Markup
Gross Margin
Contribution Margin
GMROI
You will have worked examples to understand each component and Quizzes that help you think and remember the components and see the relationship between each of the component
Lets get started
Requirements
- Requirements
- Just a computer or mobile device with Internet access
Shashank Jani
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