Table of contents

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1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

The Financial Statements

Financial Accounting

1. Introduction to Accounting

The Financial Statements

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Multiple Choice

Which of the following sections are included in the statement of cash flows?

Operating activities

Financing activities

Owner's equity activities

Investing activities

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Verified step by step guidance

Understand the purpose of the statement of cash flows: It provides information about a company's cash inflows and outflows during a specific period, categorized into three main sections.

Identify the three primary sections of the statement of cash flows: Operating activities, Investing activities, and Financing activities.

Operating activities include cash flows related to the core business operations, such as cash received from customers and cash paid to suppliers.

Investing activities include cash flows related to the acquisition and disposal of long-term assets, such as purchasing equipment or selling investments.

Financing activities include cash flows related to transactions with the company's owners and creditors, such as issuing shares, borrowing money, or repaying loans.