The Unintimidating Guide to Understanding P&Ls

The Unintimidating Guide to Understanding P&Ls – Video

by Angela McConnell

Profit and Loss Statements – aka: P&Ls aka: Income Statements – are financial statements that the board, management, and investors use to manage the profitability of the business.

P&Ls are key to understanding the core drivers and opportunities in your business, and as you move up the chain of command at work, you'll be expected to take on more and more responsibility for analyzing P&Ls, using them to make decisions, and driving profitability.

This talk will focus on teaching you (and simplifying!) all the nerdy details you need to understand income statements without being totally overwhelmed.

Talk Outline

You'll get:

What an income statement is & why understanding them is career rocket fuel
How to read an income statement and its various components
Gender dynamics that promote gaslighting
How to benchmark the metrics on your income statements within your industry
How to leverage Sales, COGS, Margin, Expense, and Operating income to drive value

The goal of this talk is to help you better understand income statements so you can find new ways to add value to the company’s bottom line.

Dana Van Voorhis

Division President, Global Food Distribution Company

Dana is President of a division of a large global food distribution company with cross-functional experience in sales, marketing, operations, and finance.

Over the course of her career, she has learned that her special talent is digging into company financials, finding opportunities, and making changes to drive profits. Originally from Southern California, she currently calls Vancouver home and is an avid runner of its many seawalls.

Follow Dana: LinkedIn