Accounting-Statement of Cash Flows
4.3 (62 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
9,982 students enrolled

Accounting-Statement of Cash Flows

Use the direct method and indirect method to construct the financial statement explaining how to use accounting workeet
Bestseller
4.3 (62 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
9,982 students enrolled
Last updated 8/2018
English
English [Auto-generated]
Current price: $119.99 Original price: $199.99 Discount: 40% off
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This course includes
  • 9.5 hours on-demand video
  • 23 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll 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
Requirements
  • We should have a basic understanding of financial accounting and debits and credits
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?  

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

Who this course is for:
  • Accounting students
  • Business owner
  • Anyone who whats to learn accounting
Course content
Expand all 81 lectures 09:35:09
+ Introduction
5 lectures 18:37
10 Multiple Choice
08:08
Discuss the components of the statement of cash flows.
10 Discussion Question
1 question
Accounting Comic Break
00:15
+ Classification of Cash Flows and Thought Process
7 lectures 31:57
2 Classification of Cash Flows and Thought Process
00:57
PDF-20 Classification of Cash Flows
00:08
PDF-30 Cash Flow Category Through Process
00:08
30 Cash Flow Category Thought Process
09:00
30 Multiple Choice
09:59
Discuss the uses for the statement of cash flows.
20 Discussion Question
1 question
Accounting Comic Break 2
00:15
+ Statement of Cash Flows Outline & Resources Needed for Construction
9 lectures 36:17
3 Statement of Cash Flows Outline & Resources Needed for Construction
00:39
PDF-40 Statement of Cash Flow Outline
00:08
40 Statement of Cash Flow Outline
14:27
PDF-50 Statement of Cash Flow Requirements
00:08
50 Statement of Cash Flow Tools For Completion
05:12
PDF-60 Cash Flow Strategy
00:08
60 Statement of Cash Flow Strategy
06:56
20 Multiple Choice
08:24
Describe the differences between the operating, investing, and financing activities.
30 Discussion Question
1 question
Accounting Comic Break 3
00:15
+ Direct Method vs Indirect Method
5 lectures 15:17
4 Direct Method Vs Indirect Method
00:46
PDF-70 Direct Method vs. Indirect Method Overview
00:08
40 Multiple Choice
06:54
List and describe what is needed to create the statement of cash flows and how they are used.
40 Discussion Question
1 question
Accounting Comic Break 4
00:15
+ Create Statement of Cash Flows - Indirect Method
32 lectures 03:39:40
5 Create Statement of Cash Flows - Indirect Method
00:56
PDF-80 Indirect Method Worksheet
00:08
80 Statement of Cash Flow Indirect Method Worksheet
10:52
PDF-90 Indirect Method Cash & Net Income
00:08
90 Statement of Cash Flow Indirect Method Cash & Net Income
07:04
PDF-100 Adj to Reconcile NI to Cash from Operations
00:08
100 Statement of Cash Flow Indirect Method Adjustments to Reconcile Net Income t
07:26
PDF-110 Indirect Method - Change In AR
00:08
110 Statement of Cash Flow Indirect Method Change In Accounts Receivable
10:17
PDF-120 Indirect Method - Change In Inventory
00:08
120 Statement of Cash Flow Indirect Method Change In Inventory
06:41
PDF-130 Indirect Method - Change In Prepaid Exp
00:08
130 Statement of Cash Flow Indirect Method Change in Prepaid Expense
03:53
PDF-140 Indirect Method - Change In Accounts Payable
00:08
140 Statement of Cash Flow Indirect Method Change In Accounts Payable
10:18
PDF-150 Investing Activities - Cash Paid for Equipment
00:08
150 Statement of Cash Flow Investing Activities Cash Paid for Purchase of Equip
08:16
PDF-160 Financing Activities - Cash borrowed from note
00:08
160 Statement of Cash Flow Financing Activities Cash Borrowed on Notes
07:32
PDF-170 Financing Activities - Cash from issuing stock
00:08
170 Statement of Cash Flow Financing Activities
06:47
PDF-180 Cash Flow Adjustments
00:08
180 Statement of Cash Flow Adjustments
18:17
PDF-16.2 Cash Flow
00:08
1600.10 Creating a Statement of Cash Flow-Indirect Method-Accounting%2C financia
50:07
Excel Download
00:05
Worksheet-40 Cash flow statement indirect method part
15:35
Worksheet-50 Cash flow statement indirect method part 2%2C
15:44
Worksheet-60 Cash flow statement indirect method part 3%2C
15:48
Worksheet-70 Cash flow statement indirect method Part 4%2C
14:59
50 Multiple Choice
07:12
List and describe the steps to creating a statement of cash flows.
50 Discussion Question
1 question
Accounting Comic Break 5
00:15
+ Create Statement of Cash Flows - Direct Method
11 lectures 01:52:06
6 Create Statement of Cash Flows - Direct Method
01:12
PDF-190 Direct Method
00:08
190 Statement of Cash Flow Direct Method
16:20
Excel Download
00:05
190 Worksheet Direct Method Worksheet Stmt of Cash Flow
17:04
190.10 Worksheet Direct Method Cash from Operations Stmt of Cash Flow
19:29
190.20 Worksheet Direct Method Cash from Investing Act Stmt of Cash Flow
08:47
190.30 Worksheet Direct Method Cash from financing Act Stmt of Cash Flow
12:39
190.40 Worksheet Direct Method Finalize Act Stmt of Cash Flow
22:25
60 Multiple Choice
13:42
Explain how the cash flows from operating activities section is created using the indirect method.
60 Discussion Question
1 question
Accounting Comic Break 6
00:15
+ Non Cash Investing & Financing
5 lectures 21:44
7 Non Cash Investing & Financing Activities
00:23
PDF-200 Non Cash Investing & Financing
00:08
200 Statement of Cash Flow Non Cash Items
06:24
70 Multiple Choice
14:35
Explain how the cash flows from operating activates section is created using the direct method.
70 Discussion Question
1 question
Accounting Comic Break 7
00:14
+ Definitions & Key Terms
7 lectures 26:01
8 Definitions & Key Terms
00:28
Financing Activities Definition - What are Financing Activit
02:55
Indirect Method Definition - What is Indirect Method%3F
04:06
Investing Activities Definition - What are Investing Activit
04:25
Operating Activities Definition - What are operating activit
03:02
80 Multiple Choice
10:51
Explain how the cash flows from investing and financing activities are formatted.
80 Discussion Question
1 question
Accounting Comic Break 8
00:14