Cashflow Statement Indirect Method, explained
Vložit
- čas přidán 29. 01. 2022
- In this video I show (by example) how to prepare the Cashflow Statement, the indirect method.
Join 10,000+ professionals who enrolled in the Controller Academy 🚀
controller-academy.com/course...
[coupon 30OFFCOURSE for 30% discount]
---------------------------------------------------------------------
Hang Out with me on social media:
📸 / the_financial_controller
📱 / thefinancialcontroller
🙋🏼♂️ groups/78073...
DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
All views expressed on my channel are mine alone. Not intended as financial or professional advice
man I don't know why accounting professors can't just teach this easy. cash flow statement always have me confused until now. Is it good or bad for cash? that makes so much sense lol.
Thinking of putting that on a tshirt. Thanks!
thank you Mr. @@TheFinancialController
you just saved my life, The Indirect method has been a block for me to achieve my CPA finalist status.... Receive love from Kenya . It is a shame that i am getting to know you this late... You make accounting to be fun learning
This was really fun to watch. Much more interesting than my accounting textbook! Thank you for taking the time to explain this at a level a rookie can understand. I really enjoy your videos!
Thanks a lot for your efforts in making this video. It makes the subject of cash flow easy to understand.
Thank you very much it is the first time for me to fully understand cash flow statement
Thanks for explaining, I always used AIR (Assets Increase, Remove) but this actually helps with the underlying understanding. Many thanks!
Great to upgrade my knowledge after watching your random videos that appear on my timeline. Thanks!
I have been watching you since 2020, and I cant wait you for the nexet video, your way that you explain is very professional and very easy in the same time , thank you 😊
Thank you so much, I watched many videos, but it wasn't as what you are given us , thanks again
Thank you so much bill. Since studying Accounting, Cash Flow is always difficult to learn. But now, I could under stand the concept
God bless you! You helped me to understand the cash flow statement, keep up the good work.
extremely well explained.. very simplified and clear.. appriciate this..
Was looking for simple explanation. Finally i got it. Thanks a lot.
your videos are always very clear and effective
You have just saved my life and my exam. Thank youuuuu
Thank you, i have watched many videos on preparing cash flow, this is the best.
Well explained, thanks and well-done. your videos are always very clear and effective.
you make it look so easy, thank you so much.
The clear explanation plus the use of excel really help us to follow the logic behind it, thanks a lot!
Glad it was helpful!
How amazing method of teaching, your videos are very 2 informative and easily understandable. I m really a big fan of u. God bless u .
Very helpful. The statement of cash flow was one of the most difficult to analyse for me and you explain it clearly, concise, making it easier to understand. Thank you so much.
Glad it was helpful Maria!
Thank you so much! This is the by far the most well explained video on cash flow!
Glad it was helpful!
i like your kind of videos and your deeply explanations with practicle backing up storys: keep on grinding & uploading content "free" to watch on yt.
Easy to follow. Great content!
Thanks for your Vedio, I am getting more support from your vedio . thank you you are my real teacher . Lots of love from nepal
Bulls eye with simple explanation... 👍
Well explained, thanks and well-done. Great FC!
Thank you for this Presentation. Much appreciated.
Love your explanation! Thanks a lot for this videos!
Beautifully explained. You're a great teacher
Thank you!!
This was a good refresher!
Excellent explanation & video. 👏👍
I recently landed my job as an audit associate at of the big4 firms, thank you for the great inspiration and tips
Congrats!
very well explained. thanks
Man this video has helped me to really understand indirect method. Thank you. 😊
Great to hear!
I used to wreck my brain on the logic behind why we're adding or subtracting non cash items from net income, but you cleared that up. When ypu read verbiage in a book, you want to understand everything, but everyone's explanation could use some fine tuning to see the bigger picture of things and you truly are breaking things down for me. Thank you so much!
happy it makes sense!
Thanks for the video ! It was really helpful :)
Well explained thanks 👍
Excellent video.
I've been rewatching this regularly. In my associates program, we only focused on Income Statement, Statement of OE and Balance sheet, so this is the next big step we flow into during the Bachelors program. This is a super helpful video, and as a tutor, this is the kind of explanation I want to fully understand when I eventually help other students reach their goals.
Thank you for watching and commenting!
Excelente vídeo. Thank you
Very clear explanation! Thank you!
Glad you enjoyed it!
Thanks man, you are brilliant and doing great things to others 👍🏼
I appreciate that!
omg I started to love accounting thanks to you.
Thanks a lot
Well explained 👏...
Highly recommended. 👍🏽
Great video! easy to understand!
Glad to hear that!
Omg, This video is so helpful.. you should become an accounting professor… Thank you so much.. Now I overstand..
Best ....learned cash flow statement like fun..👍👍👍
It is very useful, thanks
Great explanation 👍
Very much helpful.. thansk
Thank you nice tricks to make us understand
It's my pleasure
Appreciate it, valuable
Very useful. Thks
Wonderful!
this was a fun lesson
Awesome..thanx a lot.
Well explained, thank you
Glad it was helpful!
Hi, I really like your content and how you explain things in an easy manner! Can you please do some videos about fund accounting and accounting in non-profits ( like foundations and organizations that are grant-funded)? It would really help me and other people!
Thank you!
Wonderful job Mr Bill henna you really helping accountants , but make videos by using the inter active smart board so it will very good to watch all the explanation
Excellent explanation !
Glad you liked it!
THANK YOU!
Good job 👍
Thank you for explaining it so thoroughly! I am currently studying for my CPA FAR exam, so this video was extremely helpful!
Glad it was helpful!
Great explanation!
Glad it was helpful!
Thank you for this great video
Glad you enjoyed it!
WELL EXPLAINED BRAVO SIR....... SO SIMPLE BUT LUCID GR8
Thanks Mithun!
Thank very much
Great video!
Thanks!
Great explanation! I like the qustion "Is it good or bad for cash"
I'm preparing a video to show how the cash flow statement works in the ERP system SAP S4HANA and this is a big help. Thank you!
Good stuff!
Finally I understood it!!! I am glad I did b4 I leave this life.. Life without understanding cash flow statement is no life at all 😅
Haha nice
Thank you for sharing this valuable information. Much appreciated.
On the other side , I prepare myself for upcoming accounting / finance interview for Accounting supervisor / finance section head / head of accounts receivable. Accordingly; could you please advise me about the topics that I should review before the interview for the mentioned positions or what's the questions that the interviewer might be ask me ?
Thanks in advance
U never fail
Wow! Great accountant
thank you so much
You're welcome!
muito bom!
Ups and downs are inevitable in life.
The more favourable the situation,
the humbler we need to be.
Keep bitterness to ourselves
and leave happiness to others.
Love from 🇧🇩🇧🇩🇧🇩 Bangladesh, Sir
I like your explanation. is that right when calculating cash inflow from investing activities depreciation should be considered as well?
Thank you sir. Easy to understand ! Is it good or bad for CASh?!👌🏽
Hi Bill. Is there a way to automate/semi-automate the preparation of this CFS statement?
Good video, thank you. How come for when making a profit for selling equipment in the operating section in the cash flow statement it shows it as a negative value. Can anyone explain this?
Hi Bill, just found you today doing a search and i loved ur videos. I wanted to get some feedback from u regarding the career path i should be choosing. I have a BA in finance and worked in the field for 2 years and then left the workforce to raise a family. My kids are going to school now and I want to see if i could get my foot into accouting. My experience at this point is obsolete and i most definitely need some classes to brush up. Where do i start? I really want to try to get an entry level job in accounting but should i start looking for accounting assistant jobs instead? I live in Brooklyn, NY. Any kind of feedback would be much appreciated
Thank you so much ! Do you have any suggestions where I can go to learn about this and Canadian Intermediate Accounting course ? It would be greatly appreciated if you did and would help me so much in my course .
Thank you !
For those studying in college or for FAR - YOU MUST WACTH THIS VIDEO!
Hello Sir...Nice explanation!
Just one small doubt
How do we adjust for bad debt expense and allowance of doubtful accounts in the indirect method?
I have exam next week and I couldn't understand this indirect method. Thank you so much
You are most welcome
Hi there, regarding the equipment purchase difference, don't we count the year end additions before deprecation, i.e. Equipment 20X1 + Depreciation 20X1 - Equipment 20X0?
Thank you!
good financial controller
I really enjoy these videos ! I did want to ask a question. Is it possible to get an entry level accounting job in the private/corporate sector like a staff accountant with a finance degree ?
Yes
Dear sir, thank you for the video, you had not mentioned about what is the impact of accrued interest and earned interest, could you please give a reply
Hi brother,
My self christeena, I have 5 years experience in Accounting payable and able to do payable supervisor level. I have done my masters in commerce. So I need to grow my career in Finance or accounting field. So in your opinion which course should I select except cma or cfa. Please advice. I want to do one masters course in UK. So pls reply @The financial controller
Thank you for your explanation! One question I want to ask you is; I have two job offers, one is from a Big four another one is a small accounting firm. The pay is almost the same so I'm kind of confused which one to choose for someone who is coming out of college? Thank you once again!
Big 4.
How to treat retained earning and common stock in cash flow statement in indirect method
This was really helpful. But, how do you know which item goes to which category. I know the. Items that go into Operating activities such as a/r and a/p, is there any pattern to follow when doing investing and financing. Activities? For example, if you are given a long list of items, how do you differentiate. Do we have to memorize?
thank you so much. In my example, there is a gain on sale of equipment for $10K. The solution subtracts the amount. what is the logic to subtract the gain on sale of equipment?
I will need to look at the full example to answer that but in any case you need to see if the gain had already been counted for a net income
What are the other items should be added back to net income besides depreciation?
Amortization and stock compensation expenses are common
hi just wondering how about the increase of PPE is not paid by cash but by credit, is it still impact cash flow statement ?
Yes still impacts, and the credit aspect will be picked up in the chance in accounts payable
what is the difference between cash flow and net income? when the owner takes his net profit by the end of year doesn't that generate outflow of cash?