Keep it simple. The group statement of financial position. The group PL. The difference. The basics.

[@lijun7209]

Hi Professor, there is no doubt that you are a master in your field. Thank you for the valuable insights in your video.👍

[@stuartmacaulay5761]

Hi Tom! Loving the content.
At 2:15, isn't another name for receivables "Trade Debtors" ? I thought trade payables is creditors, a current liability.

[@tomclendonaccasbronlinelec7226]

@@stuartmacaulay5761 - yes another another name for trade receivables is trade debtors. These are current assets arising from sales on credit.
Trade payables are indeed current liabilities and arise from purchases on credit terms.

[@stuartmacaulay5761]

@@tomclendonaccasbronlinelec7226 That is what I wondered 🙂
Because in the video (Around 2 minutes 15 seconds) you state another name for receivables is trade payables.

[@mufarogtkajawu8264]

Thanks, Tom your videos helps a lot

[@tomclendonaccasbronlinelec7226]

I am pleased that is the case