profit and loss statement

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Profit and Loss Statement

An annual report, and other quarterly reports, a publicly-traded company publishes giving information over a given period of time. The report contains information on the company's financial state, most notably statements on revenue, expenses, and earnings (which is the difference between the two). It is in general less detailed that a stockholder's report but contains much of the same information. A profit and loss statement goes by a number of other names, including income statement, earnings statement, earnings report, and operating statement. See also: Balance Sheet.

profit and loss statement (P&L)

profit and loss statement

A semi-itemized list of all revenues and expenses of a person or company over a stated period of time, such as one month, one quarter, or one year.The items on the list are generally broad categories, but the selection of categories is a matter of personal preference for most small businesses.As a general rule,one should design a profit and loss statement so that it gives a snapshot of important revenue categories and the expenses associated with those particular revenues.

References in periodicals archive ?
Fifty-eight percent predicted that accounting for option use will result in improved profit-loss statements, which was similar to the proportion of respondents who expressed satisfaction with existing valuation methodologies.
budget reporting of results, monthly variance reports, balance sheet, profit-loss statements and market segment analysis reports.
Be familiar with reviewing profit-loss statements * Know how to manage a budget * Be comfortable hiring and firing people * Be prepared to hold employees accountable for their actions * Understand marketing and advertising techniques