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hey there my name is Michael King welcome back to the connected accountant where I talk about starting scaling and optimizing fractional CFO services today Im going to break down exactly how I explain the p l to my fractional CFO clients now this is such an important skill to have because when youre able to explain Finance and Accounting Concepts in a language that your clients can understand it makes you seem much more relatable but more importantly than that when theyre able to look at financial statements as an example and understand whats going on at a fundamental level theyre able to ask smarter questions and therefore theyre able to get more out of the conversations they have with you as their fractional CFO so today Im going to walk you through my explanation of the p l to entrepreneurs that work in the coaching space lets go ahead and dive in all right before we dive into the nitty-gritty on the profit and loss statement and what all the sections are I want to point out
