https://www.youtube .com/watch?v=B2viFHnfatk
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On the Negative Working Capital thing. Most companies draw cash and invest in marketing and in expansion. This is what leads working capital to go negative, but not necessarily a bad sign.
I see that companies do spend their cash in marketing or expansion as they collect. But at the end of the day, they still don’t have current assets to pay their current liabilities. How would you answer this if it was a follow-up question in the interview? Thanks!
I didnt understand the second case.🤔
💥💥👊noice👊
Hi sir , Iam an accountant . I would like to go for a senior accountant job. I have been working as a payable accountant(Accounts payable) for 4 years . Iam ready to learn to get senior accountant job because i dont want to stick in my current job. Could you please advise me from where i will start my learning. Just explain me what are the job descriptions of a senior accountant in different companies
What do you mean by P&L ???
Thank you
Profit and Loss Statement (income statement)
Thank you for your valuable information, it’s a great video
Cash is non-operational why are you including it in working capital?
I just recently found your info. It is very helpful and I would like to give this to students to use, just minus the swearing videos and it will be great for students if you can please.
I’m convinced my interviewer viewed this video before my interview for a student role haha they asked what’re the three financial statements and the second question was the exact same as the third one you mentioned
Haha he did
Related to the last question… if inventory goes up by $10 then doesn’t it have an impact on gross profit? As we are purchasing inventory for reselling purpose thus increased stock price will have an impact on Cost of goods sold, Which will further have an impact on Gross profit and net profit.
Gross profit = Revenue – Cost of goods sold
AP VS AR is one indicator, which shows efficiency in collection.. Also firm should have liquidity to meet its CL. By definition CL mean to settle in near future.. Can I say, WC showing negative also means there is risk involved, should be analyzed further, whether liquid CA meets its near CL
Really great content.. Only today I came across your video.. Thank you for such knowledge sharing..
This was phenomenal
Great explaination! Thanks!
Thank you 🙏
Do you have any software to study…?
Thanks alot sir
you are the best
Accounting interview are hard if the employer is picky. You have to take an exam again even if you are CPA. 🤣 you need to answer those srupid questions.