Need Help on Pnl: How to make profit and loss statement?

The main objective is to determine the company's profitability. Whether you are a lemonade stand or a billion dollar company, you likely have revenues and expenses. The profit and loss sheet lumps each revenue stream into a category. For example, product sales, advertising sales, and subscriptions might all be valid sources of revenue for a company, and the profit and loss sheet would provide an accounting for the amount of revenue generated from each of those sources over a predetermined period of time, typically month by month over the trailing twelve months. The process is generally the same for expenses, and aside from a few small nuances, once you've got a full accounting of revenue and expenses, you'll be able to define profitibility. If you want more inforomation, you can check out this comprehensive guide I recently wrote: How to Create a Profit and Loss Statement + Free Profit & Loss Template

How do I know which items from Balance Sheet and Profit and Loss Account forming the Cash Flow Statement?

Hi!I believe that a cash flow statement template will help you to understand how it gets formed. You can download a cash flow statement template absolutely for free from InvoiceBerry templates page. It already includes everything you should have in your cash flow statement, so you shouldn’t have any problems with understanding what you should include in it. It is available in .xlsx format and optimised for Microsoft Excel. Check it out to see if it helps!You can also download a free Balance Sheet template and a Profit and Loss Account template provided by InvoiceBerry in case you need them too.Regards,Krystsina

How useful is a profit and loss statement to different stakeholders?

Anyone who cares about the continued existence of a business should want to regularly review both the Profit or Loss statement and the Balance Sheet. One is not enough. The P/L will tell you if the business is making or losing money. The balance sheet will tell you if the business has enough cash to continue operating.For example, you have a business that deals with a small number of very large orders. With minimal expense you’ve just landed a huge sale that will make your business profitable for the next 12 months. Your Proft or Loss statement looks great. Unfortunately, you won’t be paid for that sale for 6 months and according to your Balance Sheet, you’ll have long since run out of cash by then.This is why stakeholders should be looking at both. And of course, they will also need to know what credit the business has available to it to cover the gaps for exactly the kind of circumstance I described above.

Do I need to fill out a financial statement form if I get a full tuition waiver and RA/TA?

If that is necessary, the university or the faculty will inform you of that. These things can vary from university to university. Your best option would be to check your university website, financial services office or the Bursar office in your university.

What do I do when the prior years’ profit and loss statements were not closed out to retained earnings?

You have one of two options, which depend upon the magnitude of the error and a judgement call.If you are well into the current year and discover an immaterial error, I would just flush it through the current year and not disrupt the prior year.You could charge it to a non-operating expense type called Prior Year Adjustment, so that current period is not diluted in a non-obvious way.If the adjustment is material, you may have to re-open the books last year, book the adjusting journal entry, then re-rolled your new beginning balances (for the current calendar or fiscal year) forward. Whether you choose to do this is a senior financial management decision (CFO).If you’re a publicly-traded company in the US, you’ll have to file an amendment to your 10-K filing (10-K/A) and file amendments to any already-filed state and federal income tax returns. It’s kind a big deal, unpleasant and a whole lot of work.

To find out the value of a business’ assets, would the owner look at cash flow statement, balance sheet, profit and loss account, all of these?

Not exactly sure what you mean by this question - the value of business assets are listed at a Balance Sheet level, but to find out the value of the business assets you would need to examine the original purchase price (from the purchase receipts) minus any depreciation that has already been deducted from the asset’s value.If these figures are not available, then you will need to employ the services of a Quantity Surveyor to examine and calculate the current depreciated value of the assets.I hope this helps.

How much will it cost me per year a good accountant based in Hong Kong to take care of my bookkeeping, year audit reports, profit & losses statements, balance sheets, tax computation and filling, if I don't sell products/services to HK?

A few hundred US dollars should be plenty to make sure that you've filed the required paperwork.The other things is that if you are not doing business in HK the tax computation is going to be easy. It's zero.

How do you read the profit and loss statement of a company to understand from an investor’s point of view?

1 Well the first thing you have to see the sales growth or revenue growth of the company from its core business. As presently our gdp growth is 7 percent and inflation is about 5 percent,now adding up these two comes 12 percent.Hence to qualify for a good company its revenue growth should be a minimum of 12 percent.2 Net profit growth- the net profit growth of the company should increase by minimum of 15 percent year after year for qualifying it to be good company.3 Net margin-It is also a very good indicator of the pricing power of the company at the market place.Normally a good company net margin increases also year after year and it should be more in comparison to its peer.4 ROCE-that is return on capital employed. It tells us that how efficient is the company in utilizing its capital.A company with more than of 15 percent of roce is known as a good company.5 Debt-A company with no debt or low debt is known to be a good company.6 Equity capital-A company with a low equity is known to be a good company.So these are the important parameters which can be checked from profit and loss statement from an investor viewpoint of a company.Hope this helps you.

There is curfew in my area and Internet service is blocked, how can I fill my exam form as today is the last day to fill it out?

Spend less time using your blocked Internet to ask questions on Quora, andTravel back in time to when there was no curfew and you were playing Super Mario Kart, and instead, fill out your exam form.

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Human Services Profit and Loss Statement Form 2012

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Hello and welcome... Hello and welcome back to Accounting Stuff. I'm James and today we're talking financial statements. The income statement, the balance sheet and the cash flow statement. I'm going to try and explain all the basics in under eight minutes which is going to be a challenge because we have a little puppy here who's uh trying to bite my finger. So let's get started! What are financial statements? Financial statements are reports that summarize the activities and financial performance of a business. They're prepared at the end of each accounting period and they're designed to give investors and lenders a feel for a business's financial health. The three main financial statements are the balance sheet, the income statement and the cash flow statement. Now I'll explain how each of these work with an example. Tea-licious is a family-run business that p

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