When companies publish their financial accounts, the profit and loss statement, together with the balance sheet, provides valuable information about the company’s financial status. The profit and loss statement is sometimes called the statement of financial performance or an income statement, and measures the profit – or loss – of a business over a specified period. The statement typically outlines income over the given period, then subtracts the expenses incurred for the same period and calculates the outcome for the business.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
