Module 6 of 6
P&L Management for Department Heads
Reading income statements, controllable expenses, and budget variance.
Controllable vs Fixed Expenses
“Our department reduced controllable operating expenses by 4.5% this month.”
Reporting P&L performance
Budget Variance Reporting
“Budget variance was held within 1.2% across all operational line items.”
Presenting budget review
Reading the Full P&L: COGS & EBITDA
“Our COGS came in $3,200 under budget this month thanks to tighter portion control.”
Reporting COGS performance
“EBITDA margin improved two points even though net income was flat, once financing costs were excluded.”
Explaining EBITDA vs. net income
Quick Shift Check
What is a 'controllable expense' on a department P&L statement?
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