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.
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PAULA –
I haven’t finished this course, but plan to soon.
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ANLYS –
Love the mini quizzes keeps you on point
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AUBREY –
Every Certified Bookkeepers should complete this course. Ideally written for busy professional bookkeepers.
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JUDY –
Well written, easy to understand and retain; examples and quizzes add an extra reinforcement to knowledge base.
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ROXANNE –
I learned a lot about the statement of cash flows and how important it is for a company
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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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KAREN –
Excellent book for understanding and passing on info to the client.
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GEORGE –
The practice exercises and final examination helped my confidence and preparation for completing Mastering the Statement of Cash Flows.
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MARY –
I enjoyed the book but I had to fly through it. I was short fir time
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CARMEN –
Complete study book, thank you.
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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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ELAINE –
Workbook examples easy to follow
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CARROLL –
Very cosise text. I would like more exercises.
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ROSA –
Haven’t read it yet
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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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JOCELYN –
This book made much more sense than my college text book on the same subject!
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BREEGE –
These are difficult concepts to grasp, but I think this book made it as clear as possible.
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