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N. Ramachandran and Ram Kumar Kakani’s How to Read a Profit and Loss Statement, published by Tata McGraw-Hill Education, is a comprehensive second edition for business students, teachers as well as professionals. In Strategic Organizational Decisions, Profit and Loss statements, or the P and L Statements, play the most significant role. Analysing the P and L statements is very important to derive right information and plan further. This edition provides witty answers to questions like why it is important to maintain P and L statements, what items does one need to consider while making one, how do investors perceive a business while analysing P and L statements among many others. Even the most complex concepts are explained in a simple language and with numerous examples for better comprehension. About the Authors N. Ramachandra is the Director of the Kochi Business School, Kerala. Ram Kumar Kakani is the Professor at the Lal Bahadur Shastri National Academy of Administration. About Tata McGraw-Hill Education Tata McGraw-Hill Education is one of the most renowned publishing houses which has been massively catering quality and the most widely read books to the education market. Their books are used by Pre-K students as well as teachers and professionals. They also have online learning provision and multimedia tools for better learning methods, which adapt to mobile devices, online testing and tutoring, e-Books, subscription services and customized course web sites. Some of the books published by Tata McGraw-Hill Education are Applied Research Design for Business and Management, What would Steve Jobs Do?, Security Analysis And Portfolio Management, Red Hat Enterprise Linux 5.0 and Consumer Behaviour.