FINCON FEUD

HOSTS
Catibog, Hannah Adao, Nicole
Aninao, Anderie Balani, Irene

Caringal, Nica Casao, Angel

TEAM ANDERIE
Arabe, Franz Andal, Joanne

Calaton, Irish Cabrera, Felicity

TEAM FRANZ
EASY ROUND
 TRUE or FALSE?

Accounts payable are amounts

due to vendors or suppliers for
TRUE or FALSE goods or services received that
have been paid for.
 TRUE or FALSE?

Accounts payable are amounts

due to vendors or suppliers for
FALSE. goods or services received that
- have not been paid for have been paid for.
 TRUE or FALSE?

If company sales increase, then

the investment in account
TRUE or FALSE receivable will inevitably
increase alongside it and in the
same proportion.
 TRUE or FALSE?

If company sales increase, then

the investment in account
TRUE. receivable will inevitably
- because the company are improving
which means that the investments in increase alongside it and in the
account receivable measures the ability
to increase revenue over a fixed period same proportion.
of time.
 TRUE or FALSE?

The customer are allowed to

return the products and cannot
TRUE or FALSE pay for their related invoices.
 TRUE or FALSE?

The customer are allowed to

return the products and cannot
TRUE.
- because the customer has the right to
pay for their related invoices.
return the products and it will have
authorization of the company to return
it.
 TRUE or FALSE?

Inventory is the accounting of

items, component parts and raw
TRUE or FALSE materials that a company either
uses in production or sales.
 TRUE or FALSE?

Inventory is the accounting of

TRUE.
- because inventory offers insight into
items, component parts and raw
materials that a company either
what and how customers purchase
goods, it helps you identify and reorder
uses in production or sales.
items you sell often, so you don’t spend
money on inventory that moves slowly.
MEDIUM ROUND
 It is the problem a company encounters, if they cannot send its
customers error free invoices, that drives a customer to refuse to
pay them until the errors are corrected.

A. Sales growth

B. Billing problems

C. Collection problems
 It is the problem a company encounters, if they cannot send its
customers error free invoices, that drives a customer to refuse to
pay them until the errors are corrected.

B. Billing Problems
In what section of the balance sheet does inventory appear?

A. Liabilities

B. Equity

C. Current Assets
In what section of the balance sheet does inventory appear?

C. Current Assets
A ____ balance is typical for Accounts Payable.

A. Trade

B. Debit

C. Credit
A ____ balance is typical for Accounts Payable.

C. Credit
It is the good company purchase for the purpose of reselling, it
includes the raw material produce goods available for sale.

A. Accounts payable

B. Inventory

C. Current Assets
It is the good company purchase for the purpose of reselling, it
includes the raw material produce goods available for sale.

B. Inventory
HARD ROUND
IDENTIFICATION

It is an important figure in a
company’s balance sheet
Accounts
Payable
IDENTIFICATION

It is the number of times a

company sells or uses an item in
a specific timeframe, which can
reveal whether a company has
too much inventory on hand.
Inventory
Turnover
IDENTIFICATION

It is the balance of money due

to a firm for goods or services
delivered or used but not yet
paid for by customers.
Accounts
receivable
IDENTIFICATION

What is GSM and GPM in

accounts payable?
GSM means General
Store Manager

GPM means General

Purchases Manager
WINNER
TEAM #
SPECIAL ROUND
₱ 1 MILLION

₱ 500, 000

₱ 250, 000

₱ 100, 000

₱ 50, 000
QUESTION 1

Identify the three (3) common

types of inventory.
• Raw material
• Work in progress
• Finished goods
₱ 1 MILLION

₱ 500, 000

₱ 250, 000

₱ 100, 000

₱ 50, 000
QUESTION 2

Give at least three (3) most

common causes of working
capital.
 Credit granting problems
 Credit review problems
 Credit hold problems
 Collection problems
 Product return problems
 Billing problems
₱ 1 MILLION

₱ 500, 000

₱ 250, 000

₱ 100, 000

₱ 50, 000
QUESTION 3
What are the two methods of
recording inventory?
 Periodic
 Perpetual
₱ 1 MILLION

₱ 500, 000

₱ 250, 000

₱ 100, 000

₱ 50, 000
QUESTION 4
What are the three (3)
components to working
capital?
 Accounts receivable
 Inventory
 Accounts payable
₱ 1 MILLION

₱ 500, 000

₱ 250, 000

₱ 100, 000

₱ 50, 000
₱ 1 MILLION
CONGRATULATIONS!
THANK YOU