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In today's tutorial, the importance of understanding financials as a manager is emphasized. The tutorial delves into a restaurant example, discussing the value of financial tools like a P&L statement. The P&L is divided into two sections - income and expenses, with all money coming in and going out of the organization categorized accordingly. The net income is calculated by subtracting expenses from income. The tutorial aims to provide a clear understanding of how the financials of the area a manager is responsible for impact the organization's overall financials.
