Profit & Loss MADE EASY in 5 minutes!
Explore one of the MOST widely recognized Financial statements, the Profit & Loss!
Learn more about the essentials of Profit & Loss in this video.
➡️ Download the following Infographic & Excel File!
Infographic: https://www.yourcfoguy.com/templates/...
Excel File: https://www.yourcfoguy.com/templates/...
⏱️ TIMESTAMPS
0:00 Intro
0:20 Preview of Infographic & Excel File to download
0:23 Profit & Loss introduction and definition
0:46 Overview of Profit & Loss with example
1:30 Cost of Goods sold introduction and definition
2:07 Other examples of Cost of Goods sold
2:13 Profitability metric - #1 (Gross Profit)
2:46 Profitability metric - #2 (Operating Expenses)
3:22 Other examples of Operating Expenses
3:28 Profitability metric - #3 (Net Operating Income)
3:43 Other Income & Other Expense
4:28 Other examples of Other Income & Other Expense
4:34 Net Other Income - summary
4:42 Calculating Net Income before/after Taxes
5:11 Profit & Loss Statement summary
5:25 Did you learn how to read a P&L?
5:27 Outro
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Looking to level up your career in Finance & Accounting? You're in the right place. Each week I upload videos around Accounting, FP&A, and Excel to help you grow in your career and learn something new.
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