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EBIT/EBITDA - Understanding Your Profit and Loss Statement
- 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
Overview of the webinar
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. The Learning Objectives are:
- Understand the meaning and differences of various terms found on a profit and loss statement
1. Revenue, sales, valuation
2. Costs, expenses, EBIT
3. Gross profit, operating profit, net 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
Who should attend?
- 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
Why should you attend?
If you don’t prepare your own profit and loss statement, you may not understand what yours are trying to communicate about your business’ financial performance. Many business owners and senior executives have stacks of reports they never look at because none of them seems 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.
Faculty - Mr.Brian G. Rosenberg
"Brian Rosenberg is a leading expert in improving business efficiency through technology. He has been leading technology and change projects for over 30 years, working with organizations ranging from small businesses to leading projects of $100 million or more. As a former managing director for a big 4 firm, Brian has been on the forefront of AI implementation and adoption strategy and is a regular speaker and author on that topic as well as others on technology implementation. Brian also serves as an adjunct professor at UNLV and as an Honorary Commander at Nellis Air Force Base.
Credits
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org