This course addresses the construction and calculation of the Basic and Expanded P & L Statement

In the Basic P & L Statement

We will examine

• Basic Components of the P & L Statement

• Net Sales

• Cost of Goods Sold

• Gross Margin

• Operating Expenses

• Operating Profit

• Interrelationships among Components

• Four Variables Adjusted for Profit

We will also discuss how to adjust the Four Profit Variables, to increase store profit.

• Retail price

• Sales volume

• Cost of goods sold

• Operating expenses

In the Expanded Statement

We will examine

• Gross Sales

• Reductions

• Total Costs of Goods Sold

• Maintained Markup

• Gross Margin

• Contribution Margin

• GMROI

You will have worked examples to understand each component and Quizzes that help you think and remember the components and see the relationship between each of the component

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