What is the difference between indirect method and direct method?

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  • June 8, 2015 at 5:02 pm #194586
    Track55
    Participant

    This is something I will be asked for an interview. Is there a website or video you recommend? Thank you.

    — M

    AUD - 74, 99 !!
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    BEC - 83
    FAR - 73, 86

    Studying for Ethics exam

    California candidate
    Business and Industry

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  • June 9, 2015 at 5:14 am #670828
    musicamor
    Member

    What are you referring to? Statement of Cash Flows? Please be more specific with your question.

    Texas CPA - licensed in 2012!!!

    June 9, 2015 at 11:53 am #670829
    paulerodriguez
    Participant

    The link explains it pretty well. I used Becker's to study, and I still think this video does a better job. But, big thing to remember is the difference between direct and indirect lies in only the operating activities, and their end balances will be the same, the difference is all in the presentation. Watch the video and you'll understand.

    REG - 80 (10/20/2014)
    FAR - 76 (05/29/2015)
    AUD - 68,71,87 (05/09/2016)
    BEC - 72,77 (02/01/2016)

    Done!!!

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