When I hold exploratory meetings with clients, I typically ask about various items on the profit and loss (P&L) — also called ...

Can an accountant do a profit and loss statement? A certified income statement requires the services of a certified public accountant. Financial statements are certified by a CPA who examines them, ...

This is the final part of the profit and loss account. If the net profit figure is negative, the business has made a loss.

Fact checked by Ariel Courage Reviewed by Somer Anderson The cash flow statement and the income statement are integral parts ...