EBIT/EBITDA - Understanding Your Profit and Loss Statement

Course Description:

This training program will review different types of profit and loss statements, including a QuickBooks profit and loss standard layout as a complex, multi-fund example. Attendees will learn how to analyze growth or loss within a business or department by comparing progressive reports. If you don’t prepare your own profit and loss statement, you may not understand what your's is trying to communicate about your business's financial performance.

Many business owners and senior executives have stacks of reports they never look at because none of them seem to make much sense. Understanding your P&L is vital to small businesses because it also serves as the income statement. Whether it’s time to apply for business credit or a loan, or time to sell your business, you’ll need to bring your P&Ls going back 2 to 3 years.

This webinar will help you understand the terms, format, and key performance indicators of profit and loss statements. We'll also look at use cases where various generative AI tools can be used to analyze and output insights, and how you can make sense of them.

Learning objectives:

• Understand the meaning and differences of various terms found in a profit and loss statement
• Revenue, sales, valuation
• Costs, expenses, EBIT
• Gross profit, operating profit, nett profit
• Know when each set of numbers should be reviewed, what they can tell you, and in which areas of your reports external business partners will be interested
• Review different types of profit and loss statements, including a QuickBooks profit and loss standard layout as a complex, multi-fund example
• Discussion of periodic reports over time and how to analyze growth or loss within your business or department by comparing progressive reports, including suggestions for areas in which to look for typical problems and simple solutions
• Learn how your chart of accounts affects various lines of your profit and loss statement
• Questions to ask yourself and your accountant when reviewing your profit and loss statement, and what the answers mean
• Generative AI tools and use cases

Areas covered:

• Critical elements of a profit and loss
• What are revenue, sales, and profit, and when do I use these numbers?
• Profit and loss as an income statement
• Operating expenses, EBIT, EBITDA
• Where are the losses? - How to tell if you’re spending more or earning less
• More revenue is not growth – How do I tell the difference?
• How often should I review and run a P&L?

Who Will Benefit:

• CEO, COO, Company Owners
• Small Business Owners
• Entrepreneurs, Sole Proprietors, Self-Employed Professionals
• Non-Profit Organizations
• Grant Managers and Fund Directors
• Business Management Professionals
• Vice Presidents, Directors, and Senior Officers
• Managers/Supervisors
• Board Directors/Members
• Business Brokers
• Investors or other Business Buyers

About the instructor:

The presenter is a business consultant, entrepreneur, professional accountant, and the founder of a boutique business consulting firm based in San Diego, CA. She has over 25 years of experience in providing business solutions and support for small to mid-size businesses, specializing in Financial Analysis and Business Management. Before starting her consulting firm in 2010, she spent over 15 years working for the state of California and more than 7 years helping small businesses expand.

Refund Policy:

Attendees may cancel up to 24 hours before the course start date, and refunds will be processed within two working days.

We will process/provide a full refund if the webinar is canceled. Webinars may be canceled due to a lack of enrollment or other unavoidable factors. Attendees will be notified 24 hours in advance if a cancellation occurs.

Participants who register but are unable to attend the webinar will also be provided a refund. On-demand recordings can be requested in exchange.

If you have any concerns about the webinar, please contact us at care@thecomplyguide.com