Statement of Cash Flows Notes.pdf

2 Pages

Course Code
ACCT 1201
Ganesh Krishnamoorthy

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Cash Flows Operating ActivitiesCash inflows and outflows directly related to earnings from normal operations Investing ActivitiesCash inflows and outflows related to the acquisition or sale of productive facilities and investments in the securities of other companies Financing ActivitiesCash inflows and outflows related to external sources of financing owners and creditors for the enterpriseTwo Formats for reporting Operating Activities Direct MethodReports cash effects of each operating activity Indirect MethodStarts with accrual net income and converts to cash basisBoth end in the same amount of net cash flows from operating activitiesOperating Activities Inflows Customers Dividends and interest on investments Outflows Purchase of goods for resale and services Salaries and wages Income taxes Interest on liabilitiesInvesting Activities Inflows Sale or disposal of property plant and equipment Sale or maturity of investme
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