Assignment task:
Topic: Statement of Cash Flows
Use this lecture outline/guide to add notes from your reading under each topic. Include references to examples, exercises and problems that illustrate the concept.
Q1. What is the purpose of the cash flow statement? What does it tell the user about the company?
Q2. Describe the format of the cash flow statement.
Q3. What are the three categories of activities on the cash flow statement?
Q4. Describe the types of activities classified as operating.
Q5. Describe the types of activities classified as investing.
Q6. Describe the types of activities classified as financing.
Q7. What is meant by noncash investing and financing activities?
Q8. How are noncash investing and financing activities reported?
Q9. Describe how to prepare the operating section of the statement of cash flows using the indirect method.
Q10. Provide an example of what the operating section of the cash flow looks like. Choose an example from the text or from a practice problem.