EBIT/EBITDA - Understanding Your Profit and Loss Statement - NASBA CPE - 1.5
- Speaker:Candace Leuck
- Date: 19th March 2019 09:00 AM PST | 12:00 PM EST
- Product Code:GRC-90470
- NASBA CPE: 1.5
NASBA CPE Credits: 1.5
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This training program will review different types 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.
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 seem 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.
- Understand the meaning and differences of various terms found on a profit and loss statement.
Revenue, sales, valuation
Costs, expenses, EBIT
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 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.
Areas Covered in the Seminar:
- 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?
Who Will Benefit:
- 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
- Board Directors/Members
- Business Brokers
- Investors or other Business Buyers
NASBA CPE Credits
Group Internet Based | 1.5 (1 CPE for 50 minutes)| Intermediate | Prerequisites - None| No advance preparation.
|Field of Study||Minutes||CPE|
|Finance & Accounting||90 minutes||1.5 CPE Credits|
Candace Leuck began her professional career with Ernst & Young and has audit experience in various industries including manufacturers, automobile dealerships and securities brokers. She earned her Masters of Professional Accountancy from Clemson University and has held Certified Public Accountant designations in both South and North Carolina.
Ms. Leuck has been giving presentations, seminars, and webinars to audiences for over 30 years as well as teaching in university classrooms. She has been in consulting practice for the past ten years, specializing in new business formation, cash flow excellence, bankruptcy policy and proceedings and lean environment consultations.
In addition to her professional activities, she has served various philanthropic organizations; most recently on the Board of Directors of Girls Scouts, Cookie Project Honduras, Clemson Wesley Group and Clemson Club Sports.