Episode Synopsis "Fair Value "

Let's chat about the concept of fair value.

Listen "Fair Value "

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• Profit but poor liquidity (Unit 3) Role Play
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• Inventory gains.
• Inventory losses
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• Benchmarks: KPIs
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• Net Profit Margin (NPM)
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• KPIs: General
• Credit interview
• ARTO: Accounts Receivable Turnover
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• 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
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• 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