Statement of profit or loss

8 topics across 7 chapters

Chapter 1

Purpose, definition and regulatory framework (IFRS/GAAP) for the statement of profit or loss

Chapter 2

Kenya context: applicable standards, regulators and statutory financial statement requirements

Chapter 3

Revenue recognition principles and common revenue streams

Chapter 4

Classification and measurement of expenses (COGS, operating, finance, depreciation and amortisation)

Chapter 5

Presentation of profit margins and subtotal lines (gross profit, operating profit, profit before tax, profit for the period)

Chapter 6

Income tax, discontinued operations, exceptional items and other comprehensive income vs profit or loss

Chapter 7

Notes, disclosures and analysis (segmental reporting, earnings per share, ratio analysis and forecasting)