Financials: Zooming in on the ‘Profit & Loss’ (P&L) or Income Statement

Financials: Zooming in on the ‘Profit & Loss’ (P&L) or Income Statement 

By: Abu Dhabi SME Hub
Accounting

The profit and loss (P&L) or “Income statement” is a financial statement that summarizes the revenues, costs, and expenses a company incurs.

Investors looking at companies often analyse P&L margin metrics as a percentage of revenue – the gross profit, operating profit, and net profit in particular.

So why should you care about your own income statement?

Watch the video to learn more!

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