4.31/5 stars (165 customer reviews)

$79.00

Learn to prepare this vital statement even if you don’t know how to prepare an income statement or balance sheet. Show your company why there may be no cash when profits are soaring, and what to do about it. Double-quiz in each section assures that you master it.

ISBN: 9781884826603
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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 corporationsSale 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 studyEverything you learned applied to a complete statement of cash flows.

Publisher: AIPB

Additional information

Book Type

Softcover Book, Online eBook

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4.31 out of 5 stars

165 reviews

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What others are saying

  1. DEBBIE

    This was Ok . I would have liked to see a different format of the explanations . Difficultbto follow at times

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  2. 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.

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  3. ROXANNE

    I learned a lot about the statement of cash flows and how important it is for a company

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  4. GIOVANNI

    Clear and concise.

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  5. 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.

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  6. 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.

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  7. KAREN

    Excellent book for understanding and passing on info to the client.

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  8. RACHEL

    Some interesting information

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  9. 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.

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  10. GEORGE

    The practice exercises and final examination helped my confidence and preparation for completing Mastering the Statement of Cash Flows.

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  11. MARY

    I enjoyed the book but I had to fly through it. I was short fir time

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  12. 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.

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  13. 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.

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  14. CARMEN

    Complete study book, thank you.

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  15. SHENG

    very good course.

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  16. 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.

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  17. ELAINE

    Workbook examples easy to follow

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  18. CARROLL

    Very cosise text. I would like more exercises.

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  19. ROSA

    Haven’t read it yet

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  20. 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!

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  21. SHARON

    This was very challenging but I felt great after I passed

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  22. JOCELYN

    This book made much more sense than my college text book on the same subject!

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  23. BREEGE

    These are difficult concepts to grasp, but I think this book made it as clear as possible.

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  24. SHIRLEY

    The course was very informative and there were plenty of helpful examples.

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  25. 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.

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  26. HUONG

    The course is ok, hard to understand.

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  27. JASON

    This course is very difficult to read along with and understand. By far the most difficult course I have taken through the AIPB. There is a lot of great information but just very difficult to understand. It took me a long time to complete and had to triple check all the answers at the end of the book. I guess thats why its worth the most CPEC’s.

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  28. HUGO

    I have not done any work but I plan to later on. I have seen the book and I think its excellent.

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  29. RUDOLPHO

    This is an EXCELLENT Tool. Used as reference.

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  30. MACHELE

    I thought the course was very informative and challenging.

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