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.
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Dr N Ramachandran has been in academics for the past 35 years. He joined the fi nance faculty of Indian Institute of Management (IIM), Calcutta, immediately after completing the doctoral program. Later, he shifted to Asian Institute of Technology (AIT), Bangkok, as Visiting Professor in 1999 and took up the position of Chief Internal Auditor from 2002. Currently he is the principal consultant with Management Advisory Services, Kochi, Kerala. He has been also associated as a consultant with several projects of government and non-government agencies in various countries including India, Th ailand, Laos, Sri Lanka, Cambodia and Vietnam. His areas of interest include Financial Structure of Industries, Corporate Financial Accounting and Strategic Cost Management. Dr Ram Kumar Kakani has rich experience in both corporate sector and academics. He joined XLRI, Jamshedpur, in 2001. Earlier, he had also worked as a residential academic in many international locations including Copenhagen, Dubai, and Singapore. His research work has been supported by ABRC of London Business School and the National Stock Exchange of India. His recent achievements include being among the top 1% of SSRN authors' ranking (2007), co-authoring a few popular text books, and receiving the 2005 AIMS Best Young Teacher Award. His areas of interest include Corporate Finance, Corporate Strategy, Financial Analysis, and Study of Business Groups.
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