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Accounting-Statement of Cash Flows
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Accounting-Statement of Cash Flows
Use the direct method and indirect method to construct the financial statement explaining how to use accounting worksheet
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
