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How to Read a Profit And Loss Account and Balance Sheet

4.5( 4 REVIEWS )
Overview Are you interested in understanding how your business is performing? The balance sheet and the profit and loss (P&L) …


Are you interested in understanding how your business is performing? The balance sheet and the profit and loss (P&L) statement are two of the three financial statements companies issue regularly. Such statements provide an ongoing record of a company’s financial condition and are used by creditors, market analysts and investors to evaluate a company’s financial soundness and growth potential. The third financial statement is called the cash-flow statement.

When used together along with other financial documents, the balance sheet and profit and loss statement can be used to assess the operational efficiency, year-to-year consistency, and organisational direction of a company. For this reason, the numbers reported in each document are scrutinised by investors and the company’s executives. The goal of this course is to provide a complete understanding of the main terminologies used in the balance sheet and as well as to be able to read and interpret the balance sheet and P&L statement for proper analysis.

What will I learn?

  • Learn how to read a balance sheet
  • Gain an understanding of the financial language & terms
  • Effects of accounting adjustment
  • Learn about key performance indicators
  • Who is it for?
  • Method of Assessment
  • Certification
  • Entry Requirements
  • Career Path
  • Entrepreneurs
  • Students
  • Banking Executives
  • Accounts Manager
  • Finance Managers

In order to complete the course successfully, learners will take an online assessment. This online test is marked automatically, so you will receive an instant grade and know whether you have passed the course.

Upon the successful completion of the course, you will be awarded the ‘How to Read a Profit And Loss Account and Balance Sheet’ certificate by CPD.

  • Learners should be over the age of 16 and have a basic understanding of English, ICT and numeracy.
  • A sound educational background is recommended

Once you successfully complete the course, you will gain an accredited qualification that will prove your skills and expertise in the subject matter. With this qualification, you can further expand your knowledge by studying related courses on this subject, or you can go onto getting a promotion or salary increment in your current job role. Below given are a few of the jobs this certificate will help you in, along with the average UK salary per annum according to

  • Accounts Manager– Up to £68k per annum
  • Finance Manager– Up to £115k per annum
  • Credit Analyst– Up to £56k per annum
  • Accounts Executive– Up to £73k per annum

Course Curriculum

1.1 Introduction 00:03:00
1.2 Definitions 00:10:00
How to read a PNL and BS
2.1 How to read a balance sheet 00:17:00
2.2 Profit and loss account – Portman meadow IT LTD 00:11:00
2.3 Balance sheet – Portman meadow IT LTD 00:11:00
2.4 Profit and loss account – Grange worth kitchens LTD 00:06:00
2.5 Balance sheet – Grange worth kitchens LTD 00:05:00
2.6 How to Read a PnL and BS Masterclass
Financial languages
3.1 Financial languages 00:11:00
Effects of accounting adjustment
4.1 Effects of accounting adjustment 00:17:00
4.2 Effects of accounting adjustments booklet
Performance indicators
5.1 4 key performance indicators 00:09:00
5.2 4 key performance indicators – Portman Meadow IT 00:05:00
5.3 4 key performance indicators – Grange worth kitchens LTD 00:04:00
6.1 Where can you go from here? 00:04:00

Students feedback


Avarage rating (4)
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    J S

    Jackie Sharp

    February 05, 2021 - 2:38pm
    Well worth the time

    The experience was exactly what I was hoping for and I did get a lot out of it. The course format is good for finance beginners and the teaching is perfect. This is well worth the time!

    J M

    Jackie Murray

    January 28, 2021 - 9:52am
    Practical and fun

    It was a practical and fun course. It was very helpful for me in understanding financial statements. I really enjoyed this course because the instructor made everything easy to understand and apply.

    K R

    Kiran Richards

    January 19, 2021 - 4:00pm
    Simple and easy

    The course covers very basic things but it’s very good to learn for a beginner. It gives simple and easy ways to understand the financial statement on company performance.

    J M

    Jo Matthews

    January 16, 2021 - 1:12pm
    Really useful

    This course has helped me to have a better understanding of the financial statements of a business.

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