AgentofHeart
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Statement Of Cash Flows - Ifrs Edition
Published 3/2024
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English
| Duration: 1h 25m
Learn how to prepare the statement in compliance with IAS 7
What you'll learn
Why cash is important?
Purpose of the statement of cash flows.
Operating cash flows.
Investing cash flows.
Financing cash flows.
Cash and cash equivalents.
The general format of the statement of cash flows
Sources of information to prepare the statement.
Direct vs indirect methods.
Indirect method items.
Disclosure of interest and dividends.
Non-cash transactions from investing and financing activities.
Requirements
Basic knowledge in accounting
Accounting principles
Description
Cash is important to any business. Investors usually look at net income as a main indicator to evaluate the company's performance and project future results. But the main question here, how long this profit would be expected to continue? Revenues and expenses are recognized based on accrual accounting principle. As a result, we can report our profit in the income statement even though we didn't collect the cash from our customers. If this case continues for a long period, the company will start to generate negative cash flows from its operations. In the long run, it will not be able to settle its liabilities and it may be filed for bankruptcy.This course will walk you through all the basics of preparing the statement of cash flows in compliance with the International Accounting Standard (IAS 7). We will start with the importance of cash, the purpose, and the usefulness of the statement of cash flows. After that, we will explain all related subjects step by step.The direct method is recommended by the standard. But, we will focus more on using the indirect method since it is widely used. There are two exercises to practice with me. Gradually you will be ready to prepare the statement in any company.Course ContentThis course is will covers the basics of preparing the statement of cash flows as follow:Why cash is that important?Purpose of the statement of cash flows.Usefulness of the statement of cash flows.Operating cash flows.Investing cash flows.Financing cash flows.Cash and cash equivalents.The general format of the statement of cash flows.Sources of information to prepare the statement.Direct vs indirect methods.Indirect method items.Disclosure of interest and dividends.Non-cash transactions from investing and financing activities.
Overview
Section 1: Introduction
Lecture 1 Importance of cash
Lecture 2 Purpose of cash flows statement
Lecture 3 Usefulness of cash flows statement
Lecture 4 Operating cash flows
Lecture 5 Investing cash flows
Lecture 6 Financing cash flows
Lecture 7 Interest and dividends
Lecture 8 Cash and cash equivalents
Section 2: Format of Cash Flows Statement
Lecture 9 The general format
Lecture 10 Sources of information
Lecture 11 Direct vs indirect methods
Lecture 12 Indirect method items
Section 3: Reporting Special Items
Lecture 13 Income tax paid
Lecture 14 Disclosure of interest and dividends
Section 4: Example One: Simple Format
Lecture 15 Example one: introduction
Lecture 16 Example one - working capital changes
Lecture 17 Example one: calculate interest paid
Lecture 18 Example one: calculate tax payment
Lecture 19 Example one: final solution
Lecture 20 Example one: receivables analysis
Lecture 21 Example one: payables analysis
Section 5: Example Two: Advanced Format
Lecture 22 Example two: introduction
Lecture 23 Example two: working capital changes
Lecture 24 Example two: receivables analysis
Lecture 25 Example two: inventory analysis
Lecture 26 Example two: payable analysis
Lecture 27 Example two: calculate tax payment
Lecture 28 Example two: operating cash flows
Lecture 29 Example two: investing cash flows
Lecture 30 Example two: financing cash flows
Lecture 31 Example two: non cash investing and financing activities
Lecture 32 Example two: challenge
Accountants,Professionals,Business owners,Anyone interested in reporting cash flows
Statement of Cash Flows IFRS Edition
