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DK Essential Managers: Understanding Accounts by Stephen Brookson

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Evaluating the Bottom Line

The second half of the profit and loss statement, down to the “bottom line,” relates to other expenses, including taxation and interest. It is vital to learn how to interpret these items, since their financial impact can often be significant.

DK Determine whether an interest bill is really affordable.
DK Check if onetime costs are warning signs of problems.

Looking at interest

Below the operating profit the next deduction to be made is the amount of interest incurred on all loans and borrowings over the period covered ...

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