Statement of Cash Flows: Class Questions - Review 1
In this video, 25.05 – Statement of Cash Flows – Class Questions – Review 1, test your knowledge of the statement of cash flows by walking through a CPA Exam-style question with Roger Philipp, CPA, CGMA!
You will enjoy gaining familiarity with the indirect method, wherein adjustments are made to net income in order to reconcile back to net cash provided or used by operating activities. Because Roger breaks down the concepts so clearly, complete with journal entries, you’ll be able to understand a topic in a memorable and fun way. Roger also shows how changes in accounts receivable, allowance for uncollectible accounts, prepaid rent expense, and accounts payable are used to determine net cash provided by operating activities under the indirect method.
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