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How to Read Profit and Loss Statement Kakani Ramchandran

How to Read Profit and Loss Statement

Kakani Ramchandran

Published December 3rd 2013
ISBN :
Paperback
120 pages
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 About the Book 

About the Book: How to Read Profit and Loss Statement: 2nd Edition On hearing the term business, the first thought that comes to mind is of its profitability. The Profit and Loss (PandL) Statement is one of the chief indices of profitability of aMoreAbout the Book: How to Read Profit and Loss Statement: 2nd Edition On hearing the term business, the first thought that comes to mind is of its profitability. The Profit and Loss (PandL) Statement is one of the chief indices of profitability of a business and the key driver of strategic organizational decisions. This new edition evaluates those queries related to the PandL Statement that reflect the total financial wellbeing of an organization: from defining a PandL Statement to its key components and methods of computation- from the relationship between Balance Sheet and PandL Statement to analyzing the PandL Statement of a manufacturing concern. Similar to the earlier edition, various intriguing portions have been dealt with through amusing conversations infused with witty answers relating to PandL Statement. Additionally, the new edition elaborates on certain other equally important sections of the PandL Statement that were not addressed in such detail earlier. This edition answers questions such as: Why is it important to maintain a PandL Statement? What items do we need to consider while preparing this statement and why? What perspective do investors have while analyzing a PandL Statement? Presented in simple language through some short story like examples to set the stage and tone for theoretical discussions, this edition also includes ample exercises along with answer keys. Contents: Preface Acknowledgements Introduction 1. The Income Statement-An Introduction 2. Accounting Principles 3. Measurement of Income 4. Preparation of Income Statement 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 Index About the Author: Kakani Ramchandran N. Ramachandran is the Director of Kochi Business School, Kochi, Kerala. Ram Kumar Kakani is currently Professor at Lal Bahadur Shastri national