[Bourne]

If anyone needs additional practice on the Statement of Cash Flow classifications, below is a link for a little quiz that should help that I just stumbled upon.

https://www.accountingcoach.com/cash-flow-statement/quiz

[Earla Riopel (NYCARE)]

SCF is no problem with me in MCQs, it gets complicated when it is in the form of FS. Just to think a SIM, working a worksheet, trying to figure out the change amounts of a comparative Trial Balance/BS/IS?

In addition, when there are other additional items added to the comparative BS/IS, that's when it becomes tricky. You have to use a T-accounts, add these new balance amounts, using a worksheet with Unadjusted Trial Balance with BS/IS, turn it into Adjusted Trial Balance, and corrected BS/IS.

It's doable, but 100% filled correctly? 75-100%, maybe. Defending on the time left for this type of SIM.

Thanks for the SCF quiz.

[Author]

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