|
|
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 MatchesClosing StatementClosing StatementA summary, in the form of a balance sheet, showing the amounts of debits and credits to which each party to a real estate transaction is entitled upon closing. Completion statementCompletion statementA statement, prepared by the seller, stating exactly how much the buyer should be paying on completion. 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. Consolidated financial statementConsolidated financial statementA financial statement that shows all the assets, liabilities, and operating accounts of a parent company and its subsidiaries. Bank statementBank statementA document, issued by a bank to its customers, listing details of debit and credit transactions over a given period with a resultant balance of the account. These statements are issued to cover a range of accounts including current accounts, loan accounts and deposit accounts etc. Further SuggestionsOffering statementReinstatement Reinstatement Sources and applications of funds statement Statement of Cash Flows Method Copy statement Statement of Financial Accounting Standards No 8 Statement billing Annual mortgagor statement Notes to the financial statements Official statement Pro forma statement Statement of Financial Accounting Standards No 52 Statement of condition Account statement Disposition of Real Estate Statement Redemption statement Offset Statement Percentage financial statement Uniform Settlement Statement Statement of Additional Information (SAI) statement of account Purpose statement Reinstatement value Combined financial statement |
|
|
|