How do I learn P&L management?

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A profit and loss (P&L) statement summarizes the revenues, costs and expenses incurred during a specific period of time . A P&L statement provides information about whether a company can generate profit by increasing revenue, reducing costs, or both.

The P&L statement can be found on a company’s website and is one of the financial statements that public companies are required to issue by law to shareholders. 1. The P&Ls for different periods should be looked at in conjunction with the cash flow statement for a more accurate picture of a company’s financial health.