|
|
Profit and loss statement (P&L) |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Profit and loss statement (P&L)A set of accounts, usually prepared annually, which depict a company's trading performance and are normally read in conjunction with the balance sheet and cash flow data. The profit and loss account can broadly be shown as follows:Turnover (sales) less manufacturing costs (or cost of sales if for example a retailing company) = gross profit or lossGross profit plus any non-trading income less operating costs = operating profit Operating profit less interest payments on bank loans or loan stock = profit before tax (pre tax profit)Pre-tax profit, less tax = net profit after taxPart of the net profit after tax may be used to pay a dividend with the balance being retained within the business for future investment.Similar MatchesStatement of conditionStatement of conditionA document describing the status of assets, liabilities, and equity of a person or business at a particular time. Opportunity StatementOpportunity StatementA concise description of a process in need of improvement, its boundaries, and the general area of concern where a CQI Team should begin its efforts. ReinstatementReinstatementThe restoration of an insurance policy after it has lapsed for nonpayment of premiums. Reinstatement valueReinstatement valueThe cost of rebuilding your home should it be destroyed. Purpose statementPurpose statementA form filed by a borrower that describes the use of a loan backed by securities, and guarantees that the funds lent will not be used illegally to buy securities against Federal Reserve regulations. Further SuggestionsFinancial StatementCombined financial statement Reinstatement Completion statement Uniform Settlement Statement Account statement Percentage financial statement Statement of Financial Accounting Standards No 8 bank statement Consolidated financial statement Closing Statement Copy statement Statement of Additional Information (SAI) Disposition of Real Estate Statement Income statement (statement of operations) Statement of Financial Accounting Standards No 52 Annual mortgagor statement Offset Statement Notes to the financial statements Pro forma statement Offering statement statement of account Statement billing Redemption statement Sources and applications of funds statement |
|
|
|