[jtavants]

Now that I’m done with FAR, just thought I would share the acronym I used to remember the direct method of presenting the statement of cash flows:

I pay CASH for TIES with DOTS.

CASH – Cash collected from customers

T – Taxes (income) paid

I – Interest paid/received

E – Cash paid for Employees (SG&A)

S – Cash paid for Suppliers (COGS, Inventory, AP, etc.)

D – Dividends paid

O – Other

TS – Trading Securities (cash paid to acquire/cash received from the sale of)

Happy studying!

FAR -- 88 (4/21/15)
AUD -- 94 (7/20/15)
BEC -- 85 (8/13/15)
REG -- 85 (10/20/15)

I'm done!

Texas CPA