366 pages [225 self-teaching + 141 self-quizzes with detailed answers]
Section 1: Introduction. Sources and uses of cash: 3 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 changes 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 PP&E, 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 purchases, 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.
Publisher: AIPB
PAULA –
I am currently a college student and have been using the book to supplement my textbooks.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PAULA –
I haven’t finished this course, but plan to soon.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ANLYS –
Love the mini quizzes keeps you on point
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
AUBREY –
Every Certified Bookkeepers should complete this course. Ideally written for busy professional bookkeepers.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JUDY –
Well written, easy to understand and retain; examples and quizzes add an extra reinforcement to knowledge base.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DEBBIE –
This was Ok . I would have liked to see a different format of the explanations . Difficultbto follow at times
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CYNTHIA –
This course is confusing, but only because the nature of this concept is contrary to my learning style. I learned a lot and enjoyed the challenge.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ROXANNE –
I learned a lot about the statement of cash flows and how important it is for a company
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
GIOVANNI –
Clear and concise.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DAWN –
The course is thorough, yet it seemed to assume the student has more advanced accounting knowledge than other courses, making progress difficult at times. For this reason, I would rate it a 3 star course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PAMELA –
This one will kick your butt. I had to go back to using T accounts just to understand. I had a hard time focusing on the “cash flow” because I am used to working with financial statements and analysis. Pretty much all software will create a cash flow statement. But how do you know it is correct and how do you read it? If you can’t prepare a cash flow statement manually, then you don’t know. I enjoyed the challenge.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KAREN –
Excellent book for understanding and passing on info to the client.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
RACHEL –
Some interesting information
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JUDITH –
The course was very helpful and understandable. The te, however, was a little confusing since the type of cash flow was not made obvious for many of the questions. Otherwise, I found the course to be fairly easy to understand.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
GEORGE –
The practice exercises and final examination helped my confidence and preparation for completing Mastering the Statement of Cash Flows.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MARY –
I enjoyed the book but I had to fly through it. I was short fir time
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DANIEL –
The content of this course is great. However, the examples and exercises are dated in the 1990’s. this book hasn’t been edited for 20 years. At the very lea, the dates need to be edited to reflect the current times. I like the ring-bound edition as it is easy to lay the book open on a table to read or take notes, whereas the glue-bound books want to close themselves as soon as you take your hand off of the pages. The content is excellent, but the dated material leaves a feeling of a sell-off of old material.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHARON –
That test is probably the most difficult thus far. The subjects were complex, but were presented well in the text. I think my only complaint was some of the questions seemed a bit confusing. Of course, that could also have been a lack of understanding on my own part. A, the remit to address for the test sheet listed the wrong suite number. The AIPB professionals were tremendously helpful as always.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CARMEN –
Complete study book, thank you.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHENG –
very good course.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JOHN –
Excellent course. It has clear explanations and examples, and it provides a solid, straight-forward explanation of the different components of the statement of cash flows.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ELAINE –
Workbook examples easy to follow
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CARROLL –
Very cosise text. I would like more exercises.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ROSA –
Haven’t read it yet
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PAULETTE –
I am currently still working on this course. It is very detailed and I am taking it slowly. I highly recommend it to all accountants and bookkeepers. If is a great review course!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHARON –
This was very challenging but I felt great after I passed
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JOCELYN –
This book made much more sense than my college text book on the same subject!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
BREEGE –
These are difficult concepts to grasp, but I think this book made it as clear as possible.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHIRLEY –
The course was very informative and there were plenty of helpful examples.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SHERYL –
The course was well written and easy to follow. The quiz and exam questions really helped me understand the steps required in creating a Statement of Cash Flow. My current job doesn’t required me to produce a SCF, but after taking this self-paced course I think I could do it if asked.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal