Episode Synopsis "Accounts Payable Statements"

Accounts Payable Statements

Listen "Accounts Payable Statements"

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• Qualitative Characteristics - Comparability
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• Prepaid Expenses
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• Disposal NCA-Trade-In-Profit
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• Account Reconstruction
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• Cash v Profit (Unit 3)
• The Cash Flow Cover (CFC)
• Cash Flow Statement (Unit 3)
• Classified Balance Sheet (Unit 3)
• Good liquidity with net loss (Unit 3) Role Play
• Profit but poor liquidity (Unit 3) Role Play
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• Product Costing
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• Identified Cost (IC)
• Accounts Payable Turnover (APTO)
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• Accounts Receivable Turnover (ARTO)
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• NRV/Inventory Write-Down
• Inventory gains.
• Inventory losses
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• Sales Returns
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• Benchmarks: KPIs
• Return on Assets (ROA)
• Net Profit Margin (NPM)
• Gross Profit Margin (GPM)
• Profit and Profitability
• KPIs: General
• Credit interview
• ARTO: Accounts Receivable Turnover
• Accounting equation: payment to accounts payable (no discount)
• Accounting equation: credit purchase of inventory
• Accounting equation: receipt from accounts receivable including discount
• Accounting equation: receipt from accounts receivable
• Accounting equation: credit sale
• Accounts Payable Statements
• Statements for Accounts Receivable
• Credit transactions and the reports
• Accounts payable is a current liability
• Why is Discount Revenue revenue?
• Paying an Accounts Payable with discount revenue
• Recording a credit purchase of inventory
• Documentation and credit purchases of inventory
• Buying inventory on credit: good for liquidity
• Accounts receivable are current assets
• Why is discount expense an expense?
• Receipt from Accounts Receivable including discount
• Recording a credit sale of inventory
• Documentation and credit sales
• How do account for credit card transactions?
• Disadvantages in offering credit
• Why sell on credit?
• Credit Checks or Debtor Screening