Profit and Loss Account (P&L)

The income statement is the main component of the annual financial statements and represents an accounting overview of all income and expenses of a company. If the result is positive, there is a net profit for the year. However, the result of a P&L statement can also be negative and represent a net loss for the year. According to the accounting obligation, the P&L must be carried out by all merchants, partnerships, corporations and cooperatives.

Project controlling