Finance Made Easy Series has been designed to cater to managers and executives with little understanding of finance and little time to read treatises on financial management. Hence, the series seeks to demystify apparently complex financial statements and help create a finance-savvy executive class, the key to fiscally sound and successful businesses. A lucid, creative and concise exposition of financial statements, their components, jargon and computational methods along with short stories and numerical examples makes for an engaging reading for busy professionals. How to Read a Profit and Loss Statement focuses on Income Statement of P&L Statement, one of the chief indices of profitability of a business, and key driver of strategic organizational decisions. The book covers: Definition, overview, and importance of a P&L statement; Key components of a P&L statement and methods of computation; Relationship between balance sheet and P&L statement; Analysis of P&L statement of a manufacturing concern; Exercises with answer keys Using simple language and short stories to set the stage and tone for theoretical discussions, it helps non-finance executives make sense of jargon-laden P&L statements of their firms and competing ones.