Course curriculum

    1. Statement of Cash Flows Thinkific

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    2. PDF - 10 Statement of Cash Flows Introduction

    3. 10 Statement of Cash Flows Introduction

    4. 10 Multiple Choice

    5. Accounting Comic Break

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    1. 2 Classification of Cash Flows and Thought Process

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    2. PDF - 20 Classification of Cash Flows

    3. 20 Classification of Cash Flows

    4. PDF - 30 Cash Flow Category Through Process

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    5. 30 Cash Flow Category Thought Process

    6. 10 Discussion Question

    7. 20 Multiple Choice

    8. 30 Multiple Choice

    9. Accounting Comic Break

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    1. 3 Statement of Cash Flows Outline & Resources Needed for Construction

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    2. PDF - 40 Statement of Cash Flow Outline

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    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 Discussion Question

    9. 40 Multiple Choice

    10. Accounting Comic Break

    1. 4 Direct Method Vs Indirect Method

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    2. PDF - 70 Direct Method vs. Indirect Method Overview

    3. Accounting Comic Break

    4. 40 Discussion Question

    5. 70 Statement of Cash Flows Direct Method Vs Indirect Method

    6. 50 Multiple Choice

    1. 5 Create Statement of Cash Flows - Indirect Method

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    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

    8. PDF - 110 Indirect Method - Change In AR

    9. 110 Statement Cash Flow Indirect Method Change 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 Equipment

    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. 1600.10 Creating a Statement of Cash Flow Indirect Method Accounting

    24. PDF - 16.2 Cash Flow

    25. Excel Download

    26. 50 Cash flow statement indirect method part 2%2C

    27. 60 Cash flow statement indirect method part 3%2C

    28. 180 Statement of Cash Flow Adjustments

    29. 70 Cash flow statement indirect method Part 4%2C

    30. 60 Multiple Choice

    31. 50 Discussion Question

    32. 40 Cash flow statement indirect method part 1

    33. 50 Cash flow statement indirect method part 2

    34. 60 Cash flow statement indirect method part 3

    35. 70 Cash flow statement indirect method Part 4

    36. Accounting Comic Break

    1. 6 Create Statement of Cash Flows - Direct Method

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    2. PDF - 190 Direct Method

    3. 190 Statement of Cash Flow Direct Method

    4. Excel Download

    5. 190 Statement of Cash Flow Direct Method

    6. 190 Worksheet Direct Method Worksheet Stmt of Cash Flow

    7. 190.10 Worksheet Direct Method Cash from Operations Stmt of Cash Flow

    8. 190.20 Worksheet Direct Method Cash from Investing Act Stmt of Cash Flow

    9. 190.30 Worksheet Direct Method Cash financing Act Stmt of Cash Flow

    10. 190.40 Worksheet Direct Method Finalize Act Stmt of Cash Flow

    11. 70 Multiple Choice

    12. 60 Discussion Question

    13. Accounting Comic Break

About this course

  • $49.99
  • 90 lessons
  • 9.5 hours of video content

Description

Statement of cash flows creation and analysis.

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

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.  

Robert (Bob) Steele CPA CGMA CPI MStax

Instructor

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.