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L1 27 Understanding Cash Flow Statements

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

By: Steven Popovic
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Decks in this class (10)

A compare cash flows from operating, investing, and financing activities and classify cash flow items as relating to one of those three categories given a description of the items;
compare cash flows from operating, investing, and financing activities and classify cash flow items as relating to one of those three categories given a description of the items;
12  cards
B describe how non-cash investing and financing activities are reported;
describe how non-cash investing and financing activities are reported;
3  cards
C contrast cash flow statements prepared under International Financial Reporting Standards (IFRS) and U.S. generally accepted accounting principles (U.S. GAAP);
contrast cash flow statements prepared under International Financial Reporting Standards (IFRS) and U.S. generally accepted accounting principles (U.S. GAAP);
6  cards
D-very important: distinguish between the direct and indirect methods of presenting cash from operating activities and describe arguments in favor of each method;
distinguish between the direct and indirect methods of presenting cash from operating activities and describe arguments in favor of each method;
8  cards
E describe how the cash flow statement is linked to the income statement and the balance sheet;
describe how the cash flow statement is linked to the income statement and the balance sheet;
4  cards
F describe the steps in the preparation of direct and indirect cash flow statements, including how cash flows can be computed using income statement and balance sheet data;
describe the steps in the preparation of direct and indirect cash flow statements, including how cash flows can be computed using income statement and balance sheet data;
8  cards
G convert cash flows from the indirect to direct method;
convert cash flows from the indirect to direct method;
3  cards
H analyze and interpret both reported and common-size cash flow statements;
analyze and interpret both reported and common-size cash flow statements; A CFO principle (Gen Op. Cash Outflows to exceed Capital Expenditures)
9  cards
I calculate and interpret free cash flow to the firm, free cash flow to equity, and performance and coverage cash flow ratios.
calculate and interpret free cash flow to the firm, free cash flow to equity, and performance and coverage cash flow ratios.
6  cards
Intro
Since IS is based on accrual method, net income may not represent cash generated from operations CF's represent cash generated from operations
6  cards

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L1 27 Understanding Cash Flow Statements

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