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Continuing Education

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MASTERING THE STATEMENT OF CASH FLOWS
361 pages + optional open-book final exam

Mastering the Statement of Cash Flows



Members pay $69
Non-members pay $79

Section 1: Introduction.Sources and uses of cash: Three kinds of activities.

Sections 2-4: Cash provided by operating activities (CPO), the direct method.

Part I: Computing cash inflows using changes in A/R and Allowance for Doubtful Accounts. Computing cash outflows using changes in Prepaid Expenses, Depreciation, Amortization, A/P and either Purchases (periodic method) or Inventory and COGS (perpetual method).

Part II:Using changes in Interest Payable, Discount on Notes Payable, Income Tax Payable and related accounts.

Part III: Using changes in Unearned Revenue, Dividends and Interest Receivable, Amortization Of Notes Receivable.

Section 5: CPO case study, the direct method. Brings together everything you learned in Sections 2–4.

Section 6: Computing CPO, the indirect method.Computing inflows/ outflows from change in Depreciation, A/R, A/P, Inventory, Unearned Revenue, Interest Payable and other accounts.

Section 7: CPO case study, the indirect method. Brings together and applies what you learned in Section #6.

Section 8: Cash from investing activities. Inflows from disposal of PPE, intangible assets, securities, loan collection. Outflows for investing in PPE, intangible assets, securities, making loans.

Section 9: Cash from financing activities. Inflows from issuing stock, creditor notes, mortgages, bonds, receipt of principal on loans. Outflows for dividends, treasury stock purchase, payment of loan principal.

Sections 10-11: Preparing a statement of cash flows.

Part I. Asset accounts.

Part II. Liability, stockholders' equity accounts.

Section 12: Special and supplementary items. Inflows and outflows related to the purchase/sale of securities or treasury stock, foreign currency transactions, acquisitions and lawsuits. Which items are disclosed only as supplemental information.

Section 13: Special items for large corporations. Sale of a business, equity in an affiliate's income, issuing bonds, amortization of a bond discount or premium, early extinguishment of debt.

Section 14: Comprehensive case study. Everything you learned applied to a complete statement of cash flows.

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