2006-07-10 13:05:57 · 7 answers · asked by ANJEANETTE E 1 in Business & Finance ➔ Corporations
responsibility for the income (Profit & Loss) of the company in question.
Generally only upper level executives have P&L responsibility. If an owner gives a manager/executive P&L responsibility, it usually comes with a lot of authority as to how to spend the company's resources.
2006-07-10 13:10:16 · answer #1 · answered by LA_kinda_guy 3 · 8⤊ 1⤋
P&L refers to the general financial responsibility for the company (division, unit, group) a person has agreed to achieve in a defined period of time, usually 1 year with quarterly sub-goals. Although it stands for Profit and Loss, it is actual a number of financial metrics such as profit, revenue, Direct Labor, orders, etc.....
2016-02-09 09:08:51 · answer #2 · answered by Norton 1 · 0⤊ 0⤋
Typically when you are a manager or above, you are responsible for budgeting in your division - this is called P&L (profit & loss) responsibility. i.e. you are held responsible for cost overruns, but on the flip side, you are also responsible for coming in under budget (may get a good bonus!)
2006-07-10 13:25:28 · answer #3 · answered by jaywon1one 1 · 6⤊ 0⤋
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RE:
what is P&L responsibility?
2015-08-12 03:15:22 · answer #4 · answered by Anonymous · 0⤊ 1⤋
It's a financial term referring to profit and loss.
2006-07-10 13:09:51 · answer #5 · answered by SirHyde 3 · 0⤊ 1⤋
What Is P&l
2016-10-01 12:03:05 · answer #6 · answered by gavilanes 4 · 0⤊ 0⤋
Some context would help. Profit and loss doesnt quite seem to be it.
2006-07-10 13:09:38 · answer #7 · answered by Josie 2 · 0⤊ 5⤋
OOOOOOOOOORRRRRRRRRRR.....it could be....
parts and labor. LOLOL!
2006-07-16 18:19:35 · answer #8 · answered by Thomas C 4 · 2⤊ 3⤋
no idea
2006-07-10 13:08:12 · answer #9 · answered by 1angel 2 · 0⤊ 6⤋