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URL:https://www.learndesk.us/class/6070885985288192/lesson/788d99e5025e24a017d544f525dd0f4a?ref=outlook-calendar
SUMMARY:Profit and Loss Statement
DTSTART;TZID=America/Los_Angeles:20260516T190000
DTEND;TZID=America/Los_Angeles:20260516T200000
LOCATION:https://www.learndesk.us/class/6070885985288192/lesson/788d99e5025e24a017d544f525dd0f4a?ref=outlook-calendar
DESCRIPTION: We will be exploring the 'Profit and Loss Statement', 'P' or 'Statement of Financial Performance' which is looking that a businesses performance over a period of time. In particularly this is looking at the current financial period and is a breakdown of all the business's revenues and expenses into various categories or sub-categories to help identify them. It is ultimately coming up with a net profit or operating income that will end up in the retained earnings account once closing entries have been completed. Profit and loss statements are used extensively within businesses on a regular basis and by functional managers across many different facets. They are also used by all the relevant stakeholders to make a decision around profitability and the types of returns they can expect.

https://www.learndesk.us/class/6070885985288192/lesson/788d99e5025e24a017d544f525dd0f4a?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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DESCRIPTION:Class Reminder
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