P&L Account - Free Course

Learn how to prepare and work with a professional P&L account, building the knowledge and skills needed to take your career to the next level. Oxford Home Study Centre is proud to present another exclusive accountancy and finance course, open for enrolment right now with not a penny to pay. This free accountancy course is ideal for newcomers and existing accountancy personnel alike.

Study a detailed overview of profit and loss account meaning from a business perspective, along with the purpose of profit and loss accounts and the importance of flawless accuracy. Additional topics introduced include measurement of income, establishing financial position using profit and loss accounts and additional accountancy terminology of importance. Our free courses are packed with the same quality materials and resources as our paid programs, with no deadlines or time restrictions imposed as you study.

If you’re ready to expand your financial understanding further, our online Accounting Courses Online provide a structured route into professional Accounting and Finance, helping learners develop practical skills that support real workplace application. These programmes are designed for flexible study, making it easier to progress alongside existing commitments.

You can also explore our Free Online Accounting Courses, which offer an accessible entry point into core financial learning without any cost, ideal for building confidence before advancing to more complex topics. Alongside this, our Free Online Courses with Certificates provide a valuable opportunity to gain recognised proof of learning.

For a wider selection of learning pathways, our Accounting and Finance study options bring together flexible, career-focused courses designed to support continuous professional development at every stage.

By the end of this Course the learner will be able to:

Understand what profit and loss statement is
Explore how to prepare profit and loss statement

Free Study and Optional Certification

You can enrol on our Profit and Loss Accounts (Short Course), access the online learning materials and complete the course without paying a course fee. Certification is optional, separate from free study and available after successful completion.

You may choose to purchase:

QLS-endorsed Certificate of Achievement
CPD-accredited certificate issued by the CPD Standards Office as a record of continuing professional development

You can order either certificate individually or purchase both for the same completed course. Buying one does not require you to buy the other.

Each certificate has its own price, and the total payable may vary according to the certificates selected, course level, format and delivery option. See our current certificate options and prices.

Certification is entirely optional and is not required to access the materials or complete the course.

Course Content

Topics Covered in the Course

This free P&L Account Course covers the following topics:

• Topic 1 - Meaning of the Statement of Profit or Loss
• Topic 2 - Measurement of Income
• Topic 3 - Relation Between Statement of Profit or Loss and Statement of Financial Position
• Topic 4 - Important Terminology
• Topic 5 - Preparation of Profit and Loss Accounts

How It Works

Build your knowledge through clear and accessible online learning.

Complete the assignments and achieve the required marks.

Choose an optional certificate after completing the course.

Why Choose a Certificate?

An optional certificate provides a clear record of successful course completion. Add it to your learning portfolio and share it where relevant.

Completing the course and its assessments shows your commitment to developing subject knowledge through focused, independent learning.

Use your new knowledge to support further study, workplace development or personal goals. A certificate records completion but does not guarantee employment or professional status.