Join Earl Kay Stice for an in-depth discussion in this video Overview of the cash flow statement, part of Accounting Foundations.
The statement of cash flows.…The statement of cash flows is the baby…of the financial statements.…The balance sheet and the income statement…have been around for over 500 years.…In contrast, the statement of cash flows…first started appearing in just 1988,…so it's brand new in an accounting sense.…As we talk about it, you're going to think…why didn't they invent it sooner?…I ask myself the same question.…I don't want to blame myself.…I don't know who to point the blame at,…but it's awesome, and let's just see.…The idea is so simple.…Statement of cash flows is just this.…Let's take all the cash flows,…cash collected, cash paid by a company.…
That's a pretty easy concept.…Cash, we're just focusing on cash.…How much cash did you collect?…How much did you pay?…We're going to separate those into 3 categories:…Operating activities, investing activities,…and financing activities.…Let me tell you what those 3 activities are…then we'll look at examples of each one.…Operating activities are the things…that you do every single day; your operations.…
- What is accounting?
- Working with balance sheets and income statements
- Determining the costs of products
- Performing break-even analysis
- Determining average and marginal tax rates
- Understanding tax deductions and credits
Skill Level Appropriate for all
1. Basics of Accounting
2. Financial Accounting
3. Managerial Accounting
4. Income Taxes
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