IFA19 – Statement of Cash Flows (Indirect Method) – Intermediate Accounting

Download the Workbook: http://www.tonybell.com Unlock 100+ Members Accounting Tutorials: https://www.youtube.com/channel/UCNFClg6mzfZ5ixpuH9c7f1A/join In This Video: We wrap up Module 5 by tackling Problem 5-3A, preparing a Statement of Cash Flows using the indirect method. Using the comparative balance sheet and income statement for Scott Company, we will calculate the net cash provided by operating activities, and determine the cash flows from investing and financing activities. In part "b", we also explore how to properly report a significant non-cash investing and financing transaction—specifically, purchasing equipment by signing an $8,000 note payable. Module Overview (IFA17–IFA19): This module explores the Balance Sheet and Statement of Cash Flows in depth. We will examine the intricacies of presenting financial position, covering the proper classification of current and long-term accounts, understanding equity components like AOCI, and reviewing the operating, investing, and financing sections of the cash flow statement.