How to Explain: The P&L

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Ever wish your clients could understand their P&L so you didn't have to explain EVERYTHING to them?

Sure, we all do.

But figuring out how to explain it to them in terms they can understand can be challenging.

👉 In this episode, I'm going to show you how I explain the P&L to our CFO clients.

My hope is that this gives you some ideas or inspiration as to how you might break it down.

Enjoy!

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WHO AM I?
I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent nearly a decade scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that Fractional CFOs can have for their clients, their families, and themselves.

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[Unnamed-lz]

You have explained rather complex question in such a simple way! Thank you!

[josemateuslopes]

From now on I'll follow you. Very amazing. Thank you

[lunamorris]

I like your video presentation. It is informative too, at the same time. Thanks a lot for your guidance!

[podjlbs]

Great video, one of the better ones out there- than you !

[burlyn]

Perhaps dumb question here...but I always assumed Profit was after ALL expenses. How do I know what other sorts of things fall under the COGS category vs Overhead?

[chuckturner]

Can you show a P&L and do a demo? Industrial field?

[rikkihurt]

Hi Michael, I’m an Executive Assistant and hope to be hired on to one of the positions I’m interviewing for.
One supports the CFO, the other supports the VP of tax department. Part of the role I really want is analyzing the P&L statement and other reports and recommending a course of action.

Any advice for me that will help me wow my executive and help me excel in my role?

[aartug]

What about EBIT and other terms used in P & L?