Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Accounting Certificate Level > Statement of Cash Flows > Flashcards

Statement of Cash Flows Flashcards

1
Q

What is cash?

A

cash on hand and demand deposits

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are cash equivalents?

A

short term, highly liquid investments readily convertible into known amounts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are operating activities?

A

derived from principle revenue producing activities and other activities that aren’t investing or financial

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are investing activities?

A

cash flows from acquisition and disposal of NCAs and other investments not included in cash equivalents

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What are financing activities?

A

cash flows from activities that result in changes to equity capital and borrowings, and dividends paid

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What methods are used for cash flow?

A

Indirect and Direct

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is the starting profit?

A

Profit before tax

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Add or subtract depreciation?

A

Add

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Add or subtract gain/loss on sale of NCA?

A

Subtract/add

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Add or subtract increase/decrease in inventories?

A

subtract/add

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Add or subtract increase/decrease in trade receivables?

A

subtract/add

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Add or subtract increase/decrease in trade payables?

A

add/subtract

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Add or subtract finance charge?

A

add

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

How to calculate tax/interest paid?

A

B/f balance + expense + PAID = c/f balance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Add or subtract payment to acquire new NCA?

A

subtract

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Add or subtract proceeds on disposal of NCA?

A

add

17
Q

How to calculate proceeds on disposal?

A

Proceeds - (cost disposals - acc depn disposals) = profit/loss

18
Q

How to calculate additions and is it positive or negative?

A

additions = c/f cost - b/f cost - disposal cost

negative

19
Q

What do we do to depn and profit or loss on disposal under operating activities?

A

Reverse them

20
Q

How to find proceeds from share issues?

A

From the increase in equity share capital + share premium between periods.

21
Q

What is done to a bonus issue of shares?

A

Find the number of shares issued
Find its value
Deduct that value from opening balance

Accounting Certificate Level (13 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions