• Post category:StudyBullet-5
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What you will learn

Explain what a statement of cash flows is

List the component parts of a statement of cash flows

Describe how a statement of cash flows is used

List the steps to creating a statement of cash flows

Build a statement of cash flows

Create the cash flows from operating activities section using the indirect method

Create the cash flows from operating activities section using the direct method

Compare and contrast the direct method and indirect method

List and describe non cash inventing and financing activities

Description

Statement of cash flows creation and analysis.

We will introduce the statement of cash flows and discuss its purpose and uses. Understanding how to create a statement of cash flows provides us with a much deeper understanding of accounting and how the financial statements are constructed.

To build a statement of cash flows, we will use concepts of accrual accounting needed to create the balance sheet and income statement. We will apply our understanding of accrual concepts to analyze cash flows, creating a cash flow statement from accrual financial reports.

The course will list and describe the components of the statement of cash flows including cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities.

We will discuss and construct a thought process for determining which category specific cash flows belong to, allowing us to be better at allocating cash flows to either cash flows from operating activities, cash flows from investing activities, or cash flows from financing activities.

The course will list and describe what is required to build a statement of cash flows, as well a strategy for construction that will reduce errors and time spent.

We will compare and contrast the direct method and indirect method of constructing the cash flows from operations section of the statement of cash flows.

The course will discuss how to construct a worksheet to use as a tool to create the statement of cash flows.

We will construct a statement of cash flows using the indirect method in a step by step format.

The course will discuss how to construct a statement of cash flows using the direct method in a step by step format.

We will also discuss how to report non-cash investing and financing activities.

In addition to the instructional videos, this course will include downloadable  

•    Downloadable PDF Files  

•    Excel Practice Files  

•    Multiple Choice Practice Questions  

•    Short Calculation Practice Questions  

•    Discussion Questions  

The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.  

Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.  

Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.  

Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.  

Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.  

Who will we be learning from?  


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You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.  

You will be learning from somebody who is a:  

•    CPA – Certified Public Accountant  

•    CGMA – Chartered Global Management Accountant  

•    Master of Science in Taxation  

•    CPS – Certifies Post-Secondary Instructor  

•    Curriculum Development Export  

As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.  

As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.  

The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro.  

We will be able to:  

·         Explain what a statement of cash flows is

·         List the component parts of a statement of cash flows

·         Describe how a statement of cash flows is used

·         List the steps to creating a statement of cash flows

·         Build a statement of cash flows

·         Create the cash flows from operating activities section using the indirect method

·         Create the cash flows from operating activities section using the direct method

·         Compare and contrast the direct method and indirect method

·         List and describe non-cash inventing and financing activities

English
language

Content

Introduction

Introduction
PDF-10 Statement of Cash Flows Introduction
10 Statement of Cash Flows Introduction
10 Multiple Choice
Accounting Comic Break

Classification of Cash Flows and Thought Process

2 Classification of Cash Flows and Thought Process
PDF-20 Classification of Cash Flows
20 Classification of Cash Flows
PDF-30 Cash Flow Category Through Process
30 Cash Flow Category Thought Process
30 Multiple Choice
Accounting Comic Break 2

Statement of Cash Flows Outline & Resources Needed for Construction

3 Statement of Cash Flows Outline & Resources Needed for Construction
PDF-40 Statement of Cash Flow Outline
40 Statement of Cash Flow Outline
PDF-50 Statement of Cash Flow Requirements
50 Statement of Cash Flow Tools For Completion
PDF-60 Cash Flow Strategy
60 Statement of Cash Flow Strategy
20 Multiple Choice
Accounting Comic Break 3

Direct Method vs Indirect Method

4 Direct Method Vs Indirect Method
PDF-70 Direct Method vs. Indirect Method Overview
70 Statement of Cash Flows Direct Method Vs Indirect Method
40 Multiple Choice
Accounting Comic Break 4

Create Statement of Cash Flows – Indirect Method

5 Create Statement of Cash Flows – Indirect Method
PDF-80 Indirect Method Worksheet
80 Statement of Cash Flow Indirect Method Worksheet
PDF-90 Indirect Method Cash & Net Income
90 Statement of Cash Flow Indirect Method Cash & Net Income
PDF-100 Adj to Reconcile NI to Cash from Operations
100 Statement of Cash Flow Indirect Method Adjustments to Reconcile Net Income t
PDF-110 Indirect Method – Change In AR
110 Statement of Cash Flow Indirect Method Change In Accounts Receivable
PDF-120 Indirect Method – Change In Inventory
120 Statement of Cash Flow Indirect Method Change In Inventory
PDF-130 Indirect Method – Change In Prepaid Exp
130 Statement of Cash Flow Indirect Method Change in Prepaid Expense
PDF-140 Indirect Method – Change In Accounts Payable
140 Statement of Cash Flow Indirect Method Change In Accounts Payable
PDF-150 Investing Activities – Cash Paid for Equipment
150 Statement of Cash Flow Investing Activities Cash Paid for Purchase of Equip
PDF-160 Financing Activities – Cash borrowed from note
160 Statement of Cash Flow Financing Activities Cash Borrowed on Notes
PDF-170 Financing Activities – Cash from issuing stock
170 Statement of Cash Flow Financing Activities
PDF-180 Cash Flow Adjustments
180 Statement of Cash Flow Adjustments
PDF-16.2 Cash Flow
1600.10 Creating a Statement of Cash Flow-Indirect Method-Accounting%2C financia
Excel Download
Worksheet-40 Cash flow statement indirect method part
Worksheet-50 Cash flow statement indirect method part 2%2C
Worksheet-60 Cash flow statement indirect method part 3%2C
Worksheet-70 Cash flow statement indirect method Part 4%2C
50 Multiple Choice
Accounting Comic Break 5

Create Statement of Cash Flows – Direct Method

6 Create Statement of Cash Flows – Direct Method
PDF-190 Direct Method
190 Statement of Cash Flow Direct Method
Excel Download
190 Worksheet Direct Method Worksheet Stmt of Cash Flow
190.10 Worksheet Direct Method Cash from Operations Stmt of Cash Flow
190.20 Worksheet Direct Method Cash from Investing Act Stmt of Cash Flow
190.30 Worksheet Direct Method Cash from financing Act Stmt of Cash Flow
190.40 Worksheet Direct Method Finalize Act Stmt of Cash Flow
60 Multiple Choice
Accounting Comic Break 6

Non Cash Investing & Financing

7 Non Cash Investing & Financing Activities
PDF-200 Non Cash Investing & Financing
200 Statement of Cash Flow Non Cash Items
70 Multiple Choice
Accounting Comic Break 7

Definitions & Key Terms

8 Definitions & Key Terms
Financing Activities Definition – What are Financing Activit
Indirect Method Definition – What is Indirect Method%3F
Investing Activities Definition – What are Investing Activit
Operating Activities Definition – What are operating activit
80 Multiple Choice
Accounting Comic Break 8