How to Read A Profit and Loss Statement

Introduction
1. The Income Statement- An Introduction
2. Accounting Principles
3. Measurement of Income
4. Preparation of Income Tax
5. Income Statement and the Balance Sheet
6. Inventory Valuation
7. Income Statement of a Manufacturing Concern
8. Possible Future Expenses
9. Depreciation, Amortization and Depletion
10. Solved Illustrations
Summary and Exercises

How to Read a Profit and Loss Statement focuses on Income Statement or P&L Statement, one of the chief indices of profitability of a business, and a key driver of strategic organizational decisions. The book covers: • Definition, overview, and importance of a P&L statement • Key components of a P&L statement and methods of computation • Relationship between balance sheet and P&L statement • Analysis of P&L statement of a manufacturing concern • Exercises with answer keys