The Micro Business Manager

P&L Explained

If you’re in charge of a school, company or project’s finances, then you need to know that everything’s on track. This may be to report internally, inform stakeholders, or simply for your own reassurance. Put simply, you need to know about accounts. This course explains the profit and loss statement, one of the essential tools used to monitor a school, company or project’s financial health, a key part of the budgeting tools available to you.

Learning outcomes:

Define what a Profit and Loss Statement is
Demonstrate how to create a Profit and Loss Statement
Know how this differs from a Cash Flow Statement
Understand how this can help in preparing future budgets

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What you will learn

Who is this course for

A P&L statement will basically show you whether a school or business is making money and how it could make more. Learning how to produce one enables you to quantify a school, company or project’s financial health and helps you budget for future projects.

If you’re running a school, MAT, small business, department or responsible for their accounts, or just want to check out the financial reports filed by other public companies/potential investments, an understanding of profit and loss is essential.

Why choose iAM Compliant

Peace of mind with testing

This course also has an assessment at the end which allows learners to test their understanding and helps businesses demonstrate a level of competence in the topic.

Accessibility

Everyone has the right to learn and learner need can vary depending on environment or disabilities. To support this diversity, we provide transcripts so people have text options for media, alongside subtitles for all videos.