Accounting-Statement of Cash Flows

Unlocking the Secrets of Cash Flow Statements: Mastering Construction, Analysis, and Interpretation

4.35 (313 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
Accounting-Statement of Cash Flows
46,812
students
9.5 hours
content
Dec 2022
last update
$54.99
regular price

What you will learn

Explain the purpose and significance of the statement of cash flows in financial reporting, and how it complements the balance sheet and income statement.

Identify and describe the key components of a statement of cash flows, including cash flows from operating activities, investing activities, and financing activ

Demonstrate the step-by-step process of creating a statement of cash flows using accrual accounting concepts, ensuring accuracy and completeness.

Apply accrual accounting principles to analyze and interpret cash flows, enabling you to make informed financial decisions and assessments.

Differentiate direct and indirect methods of constructing cash flows from operations section.

Construct a worksheet as a tool to facilitate the creation of a statement of cash flows, ensuring efficient and error-free preparation.

Create a statement of cash flows using the indirect method, meticulously documenting the cash flows from operating, investing, and financing activities.

Develop a statement of cash flows using the direct method, providing a detailed breakdown of cash flows from operating, investing, and financing activities.

Report non-cash investing and financing activities accurately, capturing their impact on the statement of cash flows.

Analyze cash flow statements for insights on liquidity, solvency, and cash management.

Description

This comprehensive course focuses on mastering the creation and analysis of the statement of cash flows, a crucial aspect of financial reporting. It delves into the very heart of cash flow statements, illuminating its purpose, uses, and the vital accrual accounting concepts needed for its creation.

Starting with an introduction to cash flow statements, the course equips learners with the skills to understand and construct these statements from accrual financial reports. It systematically breaks down the components of cash flows, including operating, investing, and financing activities, providing a clear thought process for determining where specific cash flows belong.

The course lays out detailed requirements for creating a cash flow statement and imparts practical strategies to minimize errors and optimize time spent on construction. Key differentiating factors between the direct and indirect methods of constructing the cash flows from operations section are thoroughly compared and contrasted, bolstering your understanding of both approaches.

Learners are guided through the step-by-step construction of a cash flow statement using the indirect method, and subsequently, the direct method, offering a hands-on learning experience. Furthermore, it covers the reporting of non-cash investing and financing activities, giving learners a comprehensive view of all aspects of cash flow statements.

The course includes several downloadable resources, including PDF files for offline reference, preformatted Excel practice files for honing skills on Excel basics and adjusting processes, and multiple-choice and short calculation practice questions to help improve test-taking skills. Discussion questions also provide an opportunity for learners to interact with peers, enhancing the learning process by viewing the topic from various perspectives.

The course instructor is a seasoned professional with deep technical experience in accounting concepts and software. As a certified public accountant, chartered global management accountant, and certified post-secondary instructor with a Master's in Taxation and a wealth of curriculum development experience, the instructor brings a blend of practical expertise and teaching acumen to this course.

Whether you're an accounting student, an aspiring accountant, a seasoned professional, or a business owner seeking to understand your company's financial health better, this course offers an in-depth understanding of cash flow statements that will prove invaluable in your journey.

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

Screenshots

Accounting-Statement of Cash Flows - Screenshot_01Accounting-Statement of Cash Flows - Screenshot_02Accounting-Statement of Cash Flows - Screenshot_03Accounting-Statement of Cash Flows - Screenshot_04

Reviews

Ryan
November 13, 2023
Its going good at the moment. The pop ups are distracting when watching the application of preparing a cash flow statment.
Monika
April 3, 2023
So repetitive and incredibly difficult to follow. Can't focus on anything with all the constant useless animations going on in the background and foreground that are completely unrelated to what is being taught. Very frustrating
Yermek
April 26, 2022
The author clearly determine the nature of cash and cash equivalents and why it is important to understend.
Jason
August 30, 2021
This is a comprehensive course on how to complete both forms of cash flow statements with hands on materials. Excellent course if you are looking to master cash flow statements.
Kemfon
March 4, 2021
This lecturer has a unique way of making understand complex ideas and concepts through pictograms. I will recommend this lecture for students studying for professional qualifications in Institute of Chattered Accountants of Nigeria(ICAN)
Uli
February 8, 2021
a bit dry on explaining the process and components of a CFS, also not very clear on the slides. It is not explained how the sample relates to actual numbers in an enterprise.
Kellie
December 3, 2020
This course was extremely well done in that he took us through every single step and explain things (pros and cons) in depth. Very comprehensive study.
lelia
October 17, 2020
This is a very clear way of explaining how to prepare a cash flow statement thank you. I am going to use this to add to the management reports i prepare at my work.
Ivana
April 26, 2019
A great job as usual by the same instructor! A detailed, step-by-step approach to each line item in an easy-to-understand way. This topic usually causes a lot of confusion for students, but Bob made it easily manageable by providing logical explanations for each step he makes. I had previous knowledge in the topic, but also learned new ways how to approach some of the issues. The course is down-to-earth with real life business applications. Bob is very responsive and always willing to answer any kind of students' questions in a timely manner.
Pamela
April 7, 2019
Yes I need to brush up on my skills for my Accounting job. I received a degree in Finance almost 30 years ago

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1868702
udemy ID
8/21/2018
course created date
11/21/2019
course indexed date
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