Lesson 2 - Profit and Loss Statement
The Money Matters series
covers the monthly review that every business owner should be conducting to make sure your business is staying on track financially. This process will help to identify issues when they come up and allow you to make changes before they become a real problem. There are a total of 6 lessons.
This lesson will focus on the following objectives:
- Understand how to read a profit and loss statement
- Identify potential audit triggers
- Learn the importance of adjusting your profit and loss for cash flow