In number three in our series on financial forecasting, we go on a tour of the ‘big three’ financial reports. They can be a scary prospect! But knowing a few key bits of info can really help you understand these useful tools and give you confidence in your forecasts.
Why is this sandwich being measured? Read on to find out :p This week we take a look at the profit and loss forecast. This simple guide goes through each part of the P&L and explains how to make use of the figures it produces.
The Profit and Loss Statement is probably THE most confusing of the big three financial reports. But why is it confusing? In this article, I’ll demonstrate how the P&L works and give examples of some common confusions 😀
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