Universal CPA - #1 Course for Visual Learners
Universal CPA - #1 Course for Visual Learners
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Accounting Bootcamp | Statement of Cash Flows | Intermediate Financial Reporting | CPA FAR Exam
Welcome to your comprehensive guide to mastering the Statement of Cash Flows, a crucial component of intermediate financial reporting and the CPA FAR exam. This video is part of our Accounting Bootcamp series, designed to elevate your understanding and skills in key accounting concepts.
What You'll Learn:
Understanding the Basics: A refresher on the fundamentals of cash flows and why they are essential for financial analysis.
Components of the Statement of Cash Flows: Deep dive into operating, investing, and financing activities and how to categorize transactions in each.
Preparing the Statement: Step-by-step instructions on constructing the statement from start to finish, including indirect and direct methods.
Analyzing Cash Flows: Learn how to interpret the data to assess organizational financial health.
CPA FAR Exam Focus: Specific tips and common pitfalls related to the Statement of Cash Flows on the FAR section of the CPA exam.
Who Should Watch:
Intermediate accounting students looking to strengthen their reporting skills
CPA candidates preparing for the Financial Accounting and Reporting (FAR) section
Anyone aiming to gain a deeper understanding of financial statements
Interactive Learning Tools:
Follow along with downloadable examples and practice problems
Quizzes embedded in the video to test your understanding as you learn
Links to additional resources for further study
Make sure to like, subscribe, and hit the bell icon to not miss any updates from our Accounting Bootcamp series. Engage with us in the comments if you have questions or need further clarification on any concepts discussed. This video is your stepping stone to becoming proficient in financial reporting!
#StatementOfCashFlows #CPAFAR #AccountingBootcamp
zhlédnutí: 76

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Komentáře

  • @EricSchultz-pr8go
    @EricSchultz-pr8go Před 8 hodinami

    There is a typo in the Net Book Value calculation. It should be 200,000 - 60,000. Same answer so not a huge deal.

  • @salmanfarzi7750
    @salmanfarzi7750 Před 3 dny

    Grea efforts. HATS OFF

  • @PhilipsGreek
    @PhilipsGreek Před 4 dny

    Passing the CPA exams is when you study hard, if you can't study or you don't have time for your studies I'd advise you get yourself a help like Mr Willard.

    • @PerryWarjiyo-zb8il
      @PerryWarjiyo-zb8il Před 4 dny

      People keep talking about Willard all over CZcams, he must be a very awesome help.

    • @LucasThomasmartins
      @LucasThomasmartins Před 4 dny

      Yes you're correct but remember heaven helps those who help themselves, try studying if you can't study then get yourself a good help

    • @kelvinthomas6124
      @kelvinthomas6124 Před 4 dny

      I studied for months and couldn't pass, I guess passing is a blessing

    • @SmithAnderson-jd6er
      @SmithAnderson-jd6er Před 4 dny

      CPA exam might seem so tough to pass but studying very hard is a very vital sc. kill to win trust me.

    • @NaomiMartinez-mn8rg
      @NaomiMartinez-mn8rg Před 4 dny

      Everyone has their own way, Willard worked for me and studying didn't .

  • @vincenttsan7177
    @vincenttsan7177 Před 5 dny

    thank you!

  • @mohabmasoud5712
    @mohabmasoud5712 Před 8 dny

    Good morning from Marlinton in West Virginia State...Thank you for the previous video of Diluted EPS but why you didn't continue the video!!…Anyway, thank you and have a good day Universal CPA guys :)

    • @universalcpareview
      @universalcpareview Před 8 dny

      Glad you liked the video! For more on this topic you can sign up for our full CPA review course and receive more on-demand bootcamps at www.universalcpareview.com

    • @mohabmasoud5712
      @mohabmasoud5712 Před 8 dny

      @@universalcpareview Yes, I'm with you in the Financial Reporting part. I bought it since I was in Alexandria city in Egypt with Joey and now I'm in Marlinton in West Virginia State studying the Financial Reporting part...Thank you.

    • @universalcpareview
      @universalcpareview Před 8 dny

      @@mohabmasoud5712 My pleasure!

  • @mohabmasoud5712
    @mohabmasoud5712 Před 11 dny

    Thank you Joe...Greetings from West Virginia State :)

  • @JetSoftProHQ
    @JetSoftProHQ Před 16 dny

    Thanks for the video and the explanation! The stage of research and development is very much in demand in the development of software products and solutions. At JetSoftPro, a software development service, we see how quickly the market changes and how dangerous it is to do things based only on hypotheses.

  • @Orchard928
    @Orchard928 Před 16 dny

    I appreciate your videos. very helpful on difficult topics!

  • @anuod2730
    @anuod2730 Před 17 dny

    Way franchises is debt ?

  • @jaydeleon6538
    @jaydeleon6538 Před 18 dny

    ❤❤❤

  • @thegreatgonzo6073
    @thegreatgonzo6073 Před 20 dny

    Yes the wording can be cryptic at times. Always felt like there was legitimate justification for two of the four answers on the MCs depending on how you interpret the question

    • @universalcpareview
      @universalcpareview Před 10 dny

      That's how they get you! It's about building a mental map and narrowing it down to know why the correct answer choice is definitely the correct one.

  • @pamtaylor7785
    @pamtaylor7785 Před 21 dnem

    you accidentally said BAR exam instead of CPA exam at about 8:55

  • @HUMAN-VERSION4
    @HUMAN-VERSION4 Před 22 dny

    Being a cpa is the worst decision i made 😢 firms dont care if you have a cpa they are making non cpas seniors and partners

    • @universalcpareview
      @universalcpareview Před 10 dny

      The value of the CPA license goes way beyond a simple promotion. It will add credibility to your professional opinion and open up many opportunities for you in the future.

  • @divyeshadvani4954
    @divyeshadvani4954 Před 24 dny

    Thank you sir 😊❤️

  • @ronakagrawal955
    @ronakagrawal955 Před 25 dny

    Is this 62 lectures are sufficient for cpa

    • @universalcpareview
      @universalcpareview Před 23 dny

      These lectures are meant to preview our visual learning approach. We highly recommend utilizing our full CPA review course to provide you with the resources you need to pass! 😊

  • @JacksonTerry-qm9ov
    @JacksonTerry-qm9ov Před 27 dny

    Obviously CPA exam has been a pain in my ass, but that won't bother me any longer I have gotten my license already thanks to you Mr Dylan God bless you more cuz you made it possible for me

    • @BayaniSteve
      @BayaniSteve Před 27 dny

      People keep talking about Dylan all over CZcams,he must be a very awesome help

    • @HendersonJoshua-km9ux
      @HendersonJoshua-km9ux Před 27 dny

      Yes you're correct but remember heaven helps those who help themselves, try studying if you can't study then get yourself a good help

    • @frankdam.m6798
      @frankdam.m6798 Před 27 dny

      I studied for months and couldn't pass, I guess passing is a blessing

    • @faithy60
      @faithy60 Před 27 dny

      CPA exam might seem so tough to pass but studying very hard is a very vital skill to win trust me.

    • @AnnaKatherine-ir4xx
      @AnnaKatherine-ir4xx Před 27 dny

      Everyone has their own way, Dylan worked for me and studying didn't .

  • @ModelcarNick
    @ModelcarNick Před měsícem

    At 12:18 you say a compilation was not an attest service. I thought it was. Besides that very helpful I was struggling with the family guidelines

  • @darcymarie4005
    @darcymarie4005 Před měsícem

    Thank you, you are awesome.

  • @anadiazcp
    @anadiazcp Před měsícem

    This is awesome. Thank you for sharing!

  • @JP-bo1nk
    @JP-bo1nk Před měsícem

    Very well explained, thank you!

  • @JP-bo1nk
    @JP-bo1nk Před měsícem

    If the interco. sales were not 100% sold by Sand, the elimination entries will extend to balance sheet(inventory) right,? then the eliminations on balance sheet become more complicated, can you please make a video for that senario? thank you!

  • @tejachmay718
    @tejachmay718 Před měsícem

    We do the direct method in class but this worksheet intuitive reasoning clears a lot up. Thank you!!

  • @nanacai1475
    @nanacai1475 Před měsícem

    Where did you get the single taxpayer range 100000?

  • @nickd2296
    @nickd2296 Před měsícem

    Way off lol. If TCP stays above 60% I'm taking it in Q3.

    • @universalcpareview
      @universalcpareview Před 10 dny

      This is only the first quarter of testing. There were hundreds of discipline test takers where as there are typically thousands for each section. These numbers will dramatically change as the new format settles in.

    • @nickd2296
      @nickd2296 Před 10 dny

      @@universalcpareview Yeah, I know. It was definitely I small sample size

  • @saraevecaruthers341
    @saraevecaruthers341 Před měsícem

    how would this work if they only own 80%?

  • @leland_da_based2784
    @leland_da_based2784 Před 2 měsíci

    This aged well after q1 score stat release

    • @universalcpareview
      @universalcpareview Před 10 dny

      This is only the first quarter of testing. There were hundreds of discipline test takers where as there are typically thousands for each section. These numbers will dramatically change as the new format settles in.

  • @leland_da_based2784
    @leland_da_based2784 Před 2 měsíci

    This aged well after q1 score stat release

    • @universalcpareview
      @universalcpareview Před 10 dny

      This is only the first quarter of testing. There were hundreds of discipline test takers where as there are typically thousands for each section. These numbers will dramatically change as the new format settles in.

  • @robinsonkilam
    @robinsonkilam Před 2 měsíci

    This video was very informative and helped me grasp the concept of imputed interest. It is so much simpler than I originally thought. Thank you so much!

  • @rajnijoshi9998
    @rajnijoshi9998 Před 2 měsíci

    Very well explained. Just started my CPA journey, your videos are helping me a lot.

  • @quanzhuzai123
    @quanzhuzai123 Před 2 měsíci

    Is this aspe or ifrs ?

  • @vincentferguson2214
    @vincentferguson2214 Před 2 měsíci

    Great explanations

  • @KG20014
    @KG20014 Před 2 měsíci

    I love how visual it is

  • @Yanoor963
    @Yanoor963 Před 2 měsíci

  • @ashwinkrishna490
    @ashwinkrishna490 Před 2 měsíci

    Thank you for this !

  • @beckpwashington
    @beckpwashington Před 2 měsíci

    Bringing out Bernice 😂

  • @kynaeram9481
    @kynaeram9481 Před 2 měsíci

    Thanks a lot That's a really informative and helpful video!

  • @olaoluwaolaniran9863
    @olaoluwaolaniran9863 Před 2 měsíci

    Excellent 🎉

  • @07theblessing
    @07theblessing Před 2 měsíci

    Thanks for the tip in remembering the 90% rule. N for ninety! :)

  • @ushirshah1264
    @ushirshah1264 Před 3 měsíci

    Just a small correction In the example narration you mentioned that minnow corp. is the seller, however in the Journal you have mentioned Minnow corp. as the purchaser

  • @takeem08
    @takeem08 Před 3 měsíci

    The CPA exam uses tracing and vouching interchangeably

  • @tonynguyen3432
    @tonynguyen3432 Před 3 měsíci

    This is super helpful, thank you so much!

  • @junli-chapman5984
    @junli-chapman5984 Před 3 měsíci

    isn't over 50% should be acquisition method vs equity method - why would CFO letter calls for equity method? also where is the NCI of 100k at the beginning of the balance sheet?

  • @marvelouss719
    @marvelouss719 Před 3 měsíci

    Thank you for the details. This was helpful. Unfortunately, I work for small a company (20m GR) that violates all substantive testings. We are at the end of April and the CFO has decided to keep the books open so he can manipulate 2023 results.

  • @MayankPrajapati7164
    @MayankPrajapati7164 Před 3 měsíci

    👍

  • @pranalibhatt147
    @pranalibhatt147 Před 3 měsíci

    Hey, I am unable to find the lecture for this topic in your FAR playlist. Anyway I can review this topic ?

  • @cyc984
    @cyc984 Před 3 měsíci

    Wow I feel like an idiot. I’m new to studying for cpa and I started studying for FAR in 2024 and I’m still overwhelmed…

    • @DougieG7130
      @DougieG7130 Před 2 měsíci

      Don't feel to bad a lot of these CPA review courses still haven't caught up yet.

  • @MichaelGosnell123
    @MichaelGosnell123 Před 3 měsíci

    thank you so much this was the best explanation I could find on the topic.

  • @budgetzNlegos
    @budgetzNlegos Před 3 měsíci

    Exactly how it feels w

  • @JeffEpp-nh8dy
    @JeffEpp-nh8dy Před 3 měsíci

    I am so fucked for this exam

  • @jmplocharczyk
    @jmplocharczyk Před 3 měsíci

    For scenario #2: Does Minnow still have a journal entry of Debit Cogs 500,000 Credit Sales 700,000 The eliminating entry for the intercompany profits is solely eliminating the profit on the parents books?