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MGMT 30A.pdf - Statem 1) Add:losses from the income...

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Statem1)Add:losses from the income statementSubtract:gains from the income statementent of cash flowsGeneral InformationWhat is a statement of cash flows?Components:-Operating activities(Change in Accounts Payable, Depreciation Expense)-Income statement items-Changes in current assets and current liabilities-Investing activities(Furniture)-Cash-effect of changes to non-current assets-Financing activities(Bonds)-Cash-Effect of changes to non-current liabilities-Non-Cash(Bonds to Stocks)Preparing a statement of Cash FlowsOperating ActivitiesSteps:2)Start:with net income or loss from the income statement3)Add:non-cash expenses from the income statementAnalyze changes to current assets and current liabilities:5)Subtract:Increase to each current asset compared to prior year.6)Add:decrease to each current asset compared to prior year7)Add:increase to each current liability compared to prior year8)Subtract:decrease to each current liability compared to prior yearInvesting Activities and financing activitiesSteps:Preparing a Statement of Cash FlowsComparison of Cash-Total up all sections to determine net cash provided or net cash used-Add cash balance from the beginning of year-Total should equal cash balance at end of year
Week 4: FIFO LIFO:Week 5: Bank Reconciliation:Bank Reconciliation-Why is this necessary?

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Term
Spring
Professor
NoProfessor
Tags
Balance Sheet, Depreciation, Generally Accepted Accounting Principles

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