4 out of 5
4
11 reviews on Udemy

Accounting-Statement of Cash Flows

Use the direct method and indirect method to construct the financial statement explaining how to use accounting workeet
Instructor:
Robert (Bob) Steele
1,207 students enrolled
English [Auto-generated]
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

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

Introduction

1
Introduction
2
PDF-10 Statement of Cash Flows Introduction
3
10 Statement of Cash Flows Introduction
4
10 Multiple Choice
5
10 Discussion Question
6
Accounting Comic Break

Classification of Cash Flows and Thought Process

1
2 Classification of Cash Flows and Thought Process
2
PDF-20 Classification of Cash Flows
3
20 Classification of Cash Flows
4
PDF-30 Cash Flow Category Through Process
5
30 Cash Flow Category Thought Process
6
30 Multiple Choice
7
20 Discussion Question
8
Accounting Comic Break 2

Statement of Cash Flows Outline & Resources Needed for Construction

1
3 Statement of Cash Flows Outline & Resources Needed for Construction
2
PDF-40 Statement of Cash Flow Outline
3
40 Statement of Cash Flow Outline
4
PDF-50 Statement of Cash Flow Requirements
5
50 Statement of Cash Flow Tools For Completion
6
PDF-60 Cash Flow Strategy
7
60 Statement of Cash Flow Strategy
8
20 Multiple Choice
9
30 Discussion Question
10
Accounting Comic Break 3

Direct Method vs Indirect Method

1
4 Direct Method Vs Indirect Method
2
PDF-70 Direct Method vs. Indirect Method Overview
3
70 Statement of Cash Flows Direct Method Vs Indirect Method
4
40 Multiple Choice
5
40 Discussion Question
6
Accounting Comic Break 4

Create Statement of Cash Flows - Indirect Method

1
5 Create Statement of Cash Flows - Indirect Method
2
PDF-80 Indirect Method Worksheet
3
80 Statement of Cash Flow Indirect Method Worksheet
4
PDF-90 Indirect Method Cash & Net Income
5
90 Statement of Cash Flow Indirect Method Cash & Net Income
6
PDF-100 Adj to Reconcile NI to Cash from Operations
7
100 Statement of Cash Flow Indirect Method Adjustments to Reconcile Net Income t
8
PDF-110 Indirect Method - Change In AR
9
110 Statement of Cash Flow Indirect Method Change In Accounts Receivable
10
PDF-120 Indirect Method - Change In Inventory
11
120 Statement of Cash Flow Indirect Method Change In Inventory
12
PDF-130 Indirect Method - Change In Prepaid Exp
13
130 Statement of Cash Flow Indirect Method Change in Prepaid Expense
14
PDF-140 Indirect Method - Change In Accounts Payable
15
140 Statement of Cash Flow Indirect Method Change In Accounts Payable
16
PDF-150 Investing Activities - Cash Paid for Equipment
17
150 Statement of Cash Flow Investing Activities Cash Paid for Purchase of Equip
18
PDF-160 Financing Activities - Cash borrowed from note
19
160 Statement of Cash Flow Financing Activities Cash Borrowed on Notes
20
PDF-170 Financing Activities - Cash from issuing stock
21
170 Statement of Cash Flow Financing Activities
22
PDF-180 Cash Flow Adjustments
23
180 Statement of Cash Flow Adjustments
24
PDF-16.2 Cash Flow
25
1600.10 Creating a Statement of Cash Flow-Indirect Method-Accounting financia
26
Excel Download
27
Worksheet-40 Cash flow statement indirect method part
28
Worksheet-50 Cash flow statement indirect method part 2
29
Worksheet-60 Cash flow statement indirect method part 3
30
Worksheet-70 Cash flow statement indirect method Part 4
31
50 Multiple Choice
32
50 Discussion Question
33
Accounting Comic Break 5

Create Statement of Cash Flows - Direct Method

1
6 Create Statement of Cash Flows - Direct Method
2
PDF-190 Direct Method
3
190 Statement of Cash Flow Direct Method
4
Excel Download
5
190 Worksheet Direct Method Worksheet Stmt of Cash Flow
6
190.10 Worksheet Direct Method Cash from Operations Stmt of Cash Flow
7
190.20 Worksheet Direct Method Cash from Investing Act Stmt of Cash Flow
8
190.30 Worksheet Direct Method Cash from financing Act Stmt of Cash Flow
9
190.40 Worksheet Direct Method Finalize Act Stmt of Cash Flow
10
60 Multiple Choice
11
60 Discussion Question
12
Accounting Comic Break 6

Non Cash Investing & Financing

1
7 Non Cash Investing & Financing Activities
2
PDF-200 Non Cash Investing & Financing
3
200 Statement of Cash Flow Non Cash Items
4
70 Multiple Choice
5
70 Discussion Question
6
Accounting Comic Break 7

Definitions & Key Terms

1
8 Definitions & Key Terms
2
Financing Activities Definition - What are Financing Activit
3
Indirect Method Definition - What is Indirect Method
4
Investing Activities Definition - What are Investing Activit
5
Operating Activities Definition - What are operating activit
6
80 Multiple Choice
7
80 Discussion Question
8
Accounting Comic Break 8
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
4
4 out of 5
11 Ratings

Detailed Rating

Stars 5
3
Stars 4
4
Stars 3
3
Stars 2
0
Stars 1
0
5559fb6ee89194fcf2f75afa67f0b0d7
30-Day Money-Back Guarantee

Includes

10 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion