510chapter5fall2009afterclass10202009

510chapter5fall2009afterclass10202009 - Chapter 5: Balance...

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Unformatted text preview: Chapter 5: Balance Sheet and Statement of Cash Flows Whats I mportant Usefulness/ limitations of balance sheet How elements are classified in the balance sheet Balance sheet format Techniques of disclosure Purpose/ content/ format of statement of cash flows less equals Cash Receipts Fr om sale of goods and ser vices to customer s Fr om r eceipts of inter est and dividends Cash Payments To supplier s To employees For oper ating exp For inter est For taxes Cash flow fr om oper ations Direct Method: Concept Direct Method: Concept From sales of goods or services From returns on loans (interest) and returns on equity securities (dividends) To suppliers for inventory To employees for services To government for taxes To lenders for interest To others for I nflows Outflows Direct Method: Operating Activities Direct Method: Operating Activities Cash flows from operating activities: Cash receipts (individually): I nflows $ XXX Cash payments to suppliers (separately): outflows ($ XXX) Net cash flow from operating activities $ XXX Cash flows fr om investing activities : (List of individual...
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This note was uploaded on 12/29/2009 for the course ACC 5100 taught by Professor Andrews during the Fall '09 term at Wayne State University.

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510chapter5fall2009afterclass10202009 - Chapter 5: Balance...

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