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Accounting Profit And Loss Accounts
Course
Online
Description
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Type
Course
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Level
Beginner
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Methodology
Online
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Class hours
10h
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Duration
Flexible
One of the most significant financial statements for a company is the profit and loss account, which explains the profit or loss of a company over a specific period of time, such as three months or a year, etc.
This unit provides a complete guide for an understanding of the meanings and requirements of a profit and loss account; it also describes the method of preparing the profit and loss statement. The aim of this unit is to examine the relation between statement of profit or loss and statement of financial position (SOFP), measurement of income, and the preparation of profit or loss account.
Important information
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Facilities
Location
Start date
Start date
About this course
After the completing this course learners will be able to:
Understand what a profit and loss statement is
Explain how to prepare a profit and loss statement
New or recent recruits to banking and financial organisations
Operations and support staff
Finance and accounting staff
Dealers and Traders
No prior knowledge is required to take this unit.
Reviews
Subjects
- Accounts
- Accounting
- Financial
- Financial Training
- Accounting close
- Accounting procedures
- Account
- Accounting Profit And Loss Accounts
- Accounting Profit
- Accounting Loss Accounts
Teachers and trainers (1)
Cpd Tutor
Tutor
Course programme
Program Content:
Lesson(s):
Introduction to Profit and Loss Account
Topics:
- Meaning of the Statement of Profit or Loss
- Why is there a Statement of Profit or Loss?
- Measurement of Income
- Relation between Statement of Profit or Loss and Statement of Financial Position (SOFP)
- Preparation of Profit or Loss Account
Accounting Profit And Loss Accounts