ESL Podcast 332 – Profit and Loss

http://www.eslpod.com/website/show_podcast.php?issue_id=4685870

Audio Index:
Slow dialog: 1:17
Explanations: 3:17
Fast dialog: 14:36

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Dolores: Manuel in accounting is supposed to help me with this report, but he called in sick today! I can't believe my luck. He's supposed to be training me in and he's left me holding the bag.

Anton: Let me see if I can help.

Dolores: I'm supposed to use the information from this profit and loss statement to make some projections about the company's future performance for our report, but I'm not sure what I'm doing. I need to plug in some numbers here, but I can't make heads or tails of this.

Anton: Well, if you look at the top of the statement, you'll see the top line, which shows the revenue the company brought in in the third quarter of this year. Is that what you need?

Dolores: Yes, I think so, but I also need to know our net income.

Anton: Here is the bottom line. That takes into account all of the revenue and expenses during the third quarter.

Dolores: That's great, but I also need to know the gross profits and operating expenses.

Anton: Those are in this column. See?

Dolores: I guess all the information is here. I just needed to know where to look. Thanks. I couldn't have figured it out without you.

Anton: It's not that complicated. Hopefully, Manuel will be back tomorrow.

Dolores: Manuel? Who needs him!

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- to call in sick : to call telephone and tell you're sick so not be able to work
- to train sb in : to help sb learn things that is needed for the job or position
- to hold the bag : to be responsible for sth when the owner of that job doesn't do their work
- projection (n): a forecast
- to plug in sth : to put number into a formula or filling the blank
- to make heads or tails of sth : to be able to understand sth
- to take (sth) into account : to consider / include sth
- to figure out : to be able to understand


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Thanks,
Duy Lam