[Ng]

Hi
What is the best way to learn preparing cash flow statement direct way its so confusing

[monikernc]

I love the cash flow statement – it has a lot of information in it. What confuses you?

Try this: https://xplaind.com/506352/cash-flow-operating-activities-direct-method

FAR 7/25/15 76!
AUD 10/30/15 93
BEC 2/27/16 82
REG 5/23/16 88!
Ninja Book and MCQ and the forum - all the way!!!
and a little thing i like to call, time and effort!
if you want things to change, you have to do something different

[CPAHOPE]

I failed Far but I have pretty good grasp of cash flow statement. To prepare direct operating cash flow statement, you need prior and current statements for balance sheet and current year for income statement. Look for all the items from b/s and i/s that is related to operations. For instance, to find out cash flow disbursement for disbursement, you need to compute the purchase account. To find Purchase, you need Beg, End, and Cogs numbers. As you can see they are both located from both b/s and i/s.

[Author]

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