All language subtitles for 34 - L1 31 Finance Profit And Loss Statement V1 - lang_en

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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:10,019 A profit and loss statement or PNL statement is also called an income statement. 2 00:00:10,019 --> 00:00:13,349 It is one type of financial statement that shows 3 00:00:13,349 --> 00:00:17,519 a company's performance position over a period of time. 4 00:00:17,519 --> 00:00:23,234 It is typically prepared at the end of each quarter or on an annual basis. 5 00:00:23,234 --> 00:00:25,320 As part of the PNL statement, 6 00:00:25,320 --> 00:00:27,899 you list your revenue and expenses, 7 00:00:27,899 --> 00:00:30,434 and it tells you the profit or loss 8 00:00:30,434 --> 00:00:34,679 your organization is experiencing over a specific period of time. 9 00:00:34,679 --> 00:00:39,465 Below, I provided the terminology you will see included in the PNL statement. 10 00:00:39,465 --> 00:00:42,840 We will go through an example in the next video. 887

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