Lesson · Financial statements
The statement of profit or loss
Build Baobab's profit or loss from revenue to profit for the year.
12 minutes Standard as at 29 October 2026
What you will be able to do
- Build Baobab's profit or loss from revenue to profit for the year
- Separate cost of sales from operating expenses
This is a preview of a member lesson. The full lesson is in the Financial statements library, open to everyone who enrols.
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IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.