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Introducing the Profit & Loss Statement and the Revenue line item
Links to further reading on fiscal years
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The profit and loss statement, or P and
L for short, is a statement that shows
0:00
all earned revenue and incurred expense
items for a particular period of time.
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Publicly listed companies usually
prepare their financial statements for
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a quarter or a fiscal year.
0:11
We prepare financial statements
monthly at Treehouse.
0:13
The P and L is the same thing
as the income statement.
0:17
It's just called different
things in different markets,
0:20
as are some of the line items
on the financial statements.
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So here we are looking at Apple's P and
L, or as they call it,
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