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Unformatted text preview: CHAPTER 12 The Statement of Cash Flows OVERVIEW OF EXERCISES, PROBLEMS, AND CASES Estimated Time in Learning Outcomes Exercises Minutes Level 1. Understand the concept of cash flows and accrual accounting, 15* 60 Diff and explain the purpose of a statement of cash flows. 2. Explain what cash equivalents are and how they are treated on 1 5 Easy the statement of cash flows. 12* 10 Easy 3. Describe operating, investing, and financing activities and give 2 10 Easy examples of each. 3 10 Mod 12* 10 Easy 13* 10 Easy 14* 25 Diff 4. Describe the difference between the direct and the indirect method of computing cash flow from operating activities. 5. Use T accounts to prepare a statement of cash flows using the 4 5 Mod direct method to determine cash flow from operating activities. 5 10 Mod 6 20 Mod 7 20 Mod 8 10 Mod 13* 10 Easy 15* 60 Diff 6. Use T accounts to prepare a statement of cash flows using 9 10 Easy the indirect method to determine cash flow from operating 10 15 Mod activities. 14* 25 Diff 7. Use cash flow information to help analyze a company. 11 15 Mod 8. Use a work sheet to prepare a statement of cash flows using the indirect method to determine cash flow from operating activities. (Appendix) *Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) 121 122 FINANCIAL ACCOUNTING SOLUTIONS MANUAL Problems Estimated and Time in Learning Outcomes Alternates Minutes Level 1. Understand the concept of cash flows and accrual accounting, and explain the purpose of a statement of cash flows. 2. Explain what cash equivalents are and how they are treated on 13* 30 Diff the statement of cash flows. 3. Describe operating, investing, and financing activities and give examples of each. 4. Describe the difference between the direct and the indirect 11* 30 Mod method of computing cash flow from operating activities. 12* 30 Mod 5. Use T accounts to prepare a statement of cash flows using the 3 45 Mod direct method to determine cash flow from operating activities. 6 30 Mod 11* 30 Mod 13* 30 Diff 6. Use T accounts to prepare a statement of cash flows using 1 30 Mod the indirect method to determine cash flow from operating 4 45 Mod activities. 7 30 Mod 9 45 Diff 12* 30 Mod 7. Use cash flow information to help analyze a company. 8. Use a work sheet to prepare a statement of cash flows using 2 60 Mod the indirect method to determine cash flow from operating 5 60 Mod activities. (Appendix) 8 60 Mod 10 60 Diff *Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) CHAPTER 12 THE STATEMENT OF CASH FLOWS 123 Estimated Time in Learning Outcomes Cases Minutes Level 1. Understand the concept of cash flows and accrual accounting, 4* 60 Diff and explain the purpose of a statement of cash flows. 5* 25 Mod 6* 25 Mod 2. Explain what cash equivalents are and how they are treated on 3* 20 Mod the statement of cash flows. 7*...
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This note was uploaded on 09/28/2008 for the course ACCT 151 taught by Professor Largay during the Spring '07 term at Lehigh University .
 Spring '07
 Largay
 Accounting, Financial Accounting

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