366 pages [225 self-teaching + 141 self-quizzes with detailed answers]
Section 1: Introduction. Sources and uses of cash: 3 kinds of activities.
Sections 2-4: Cash provided by operating activities (CPO), the direct method.
Part I: Computing cash inflows using changes in A/R and Allowance for Doubtful Accounts. Computing cash outflows using changes in Prepaid Expenses, Depreciation, Amortization, A/P and either Purchases (periodic method) or Inventory and COGS (perpetual method).
Part II: Using changes in Interest Payable, Discount on Notes Payable, Income Tax Payable and related accounts.
Part III: Using changes in Unearned Revenue, Dividends and Interest Receivable, Amortization of Notes Receivable.
Section 5: CPO case study, the direct method. Brings together everything you learned in Sections 2–4.
Section 6: Computing CPO, the indirect method. Computing inflows/outflows from changes in Depreciation, A/R, A/P, Inventory, Unearned Revenue, Interest Payable and other accounts.
Section 7: CPO case study, the indirect method. Brings together and applies what you learned in Section 6.
Section 8: Cash from investing activities. Inflows from disposal of PP&E, intangible assets, securities, loan collection. Outflows for investing in PPE, intangible assets, securities, making loans.
Section 9: Cash from financing activities. Inflows from issuing stock, creditor notes, mortgages, bonds, receipt of principal on loans. Outflows for dividends, treasury stock purchases, payment of loan principal.
Sections 10-11: Preparing a statement of cash flows.
Part I. Asset accounts.
Part II. Liability, stockholders’ equity accounts.
Section 12: Special and supplementary items. Inflows and outflows related to the purchase/sale of securities or treasury stock, foreign currency transactions, acquisitions and lawsuits. Which items are disclosed only as supplemental information.
Section 13: Special items for large corporations. Sale of a business, equity in an affiliate’s income, issuing bonds, amortization of a bond discount or premium, early extinguishment of debt.
Section 14: Comprehensive case study. Everything you learned applied to a complete statement of cash flows.
Publisher: AIPB
I found this course to be more difficult, but overall I learned a lot. It taught me some very good skills.
Great information.
Nothing short of excellent.
Easy to study, learn and follow from. My only thing was that some of the questions from the quiz that seemed unclear formulated.
very comprehensive. Quizzes were appropriately difficult, requiring a full understanding of the subject matter.
Presently clearly and concisely with adequate examples.
Great book, comprehensive and easy to understand!
Well written and very helpful. Purchased to be used in my classroom but students have not taken advantage of the resource yet.
Very informative and guides you steo by step
Great Don’t change a thing
Great
Very informative and detail
Excellent.
I am currently a college student and have been using the book to supplement my textbooks.
I haven’t finished this course, but plan to soon.
Love the mini quizzes keeps you on point
Every Certified Bookkeepers should complete this course. Ideally written for busy professional bookkeepers.
Well written, easy to understand and retain; examples and quizzes add an extra reinforcement to knowledge base.
This was Ok . I would have liked to see a different format of the explanations . Difficultbto follow at times
This course is confusing, but only because the nature of this concept is contrary to my learning style. I learned a lot and enjoyed the challenge.
I learned a lot about the statement of cash flows and how important it is for a company
Clear and concise.
The course is thorough, yet it seemed to assume the student has more advanced accounting knowledge than other courses, making progress difficult at times. For this reason, I would rate it a 3 star course.
This one will kick your butt. I had to go back to using T accounts just to understand. I had a hard time focusing on the “cash flow” because I am used to working with financial statements and analysis. Pretty much all software will create a cash flow statement. But how do you know it is correct and how do you read it? If you can’t prepare a cash flow statement manually, then you don’t know. I enjoyed the challenge.
Excellent book for understanding and passing on info to the client.
Some interesting information
The course was very helpful and understandable. The te, however, was a little confusing since the type of cash flow was not made obvious for many of the questions. Otherwise, I found the course to be fairly easy to understand.
The practice exercises and final examination helped my confidence and preparation for completing Mastering the Statement of Cash Flows.
I enjoyed the book but I had to fly through it. I was short fir time
The content of this course is great. However, the examples and exercises are dated in the 1990’s. this book hasn’t been edited for 20 years. At the very lea, the dates need to be edited to reflect the current times. I like the ring-bound edition as it is easy to lay the book open on a table to read or take notes, whereas the glue-bound books want to close themselves as soon as you take your hand off of the pages. The content is excellent, but the dated material leaves a feeling of a sell-off of old material.