Udemy

Platform

English

Language

Social Science

Category

Accounting-Statement of Cash Flows

Use the direct method and indirect method to construct the financial statement explaining how to use accounting workeet

4.42 (140 reviews)

23297

Students

9.5 hours

Content

Aug 2018

Last Update
$129.99
Regular Price


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?  

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


Screenshots

Accounting-Statement of Cash Flows
Accounting-Statement of Cash Flows
Accounting-Statement of Cash Flows
Accounting-Statement of Cash Flows

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



Reviews

K
Kemfon4 March 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)

U
Uli8 February 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.

K
Kellie3 December 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.

l
lelia17 October 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.

I
Ivana26 April 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.

P
Pamela7 April 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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