Prepare A Cash Flow Statement | Indirect Method
ฝัง
- เผยแพร่เมื่อ 14 ก.ค. 2024
- 💥Indirect Method Cash Flow Statement Cheat Sheet → accountingstuff.com/shop
🖊Cash Flow Statement Practice Questions → accountingstuff.com/practice-...
Learn how to produce a Cash Flow Statement using the Indirect Method. This episode of Accounting Basics for Beginners is Part 3 covering Indirect Method Cash Flow Accounting. The rest of the series can be found here:
▪ Cash Flow Statement Direct Method (Part 1) → • Intro to Cash Flow Sta...
▪ Cash Flow Statement Direct Method (Part 2) → • Prepare A Cash Flow St...
Preparing a Cash Flow Statement using the Direct Method can be time consuming. In this episode of Accounting Stuff, I'll show you the faster way.... using the Indirect Method.
🔴Subscribe for more Accounting Tutorials → geni.us/subtothechannel
🖊STUFF I USED IN THIS VIDEO
▪ The pens → geni.us/sTPHTV
▪ The bullet journal → geni.us/yToB
⏱️TIMESTAMPS
00:00 - Intro
01:07 - Comparing the Direct and Indirect Method
02:11 - How to Prepare a Cash Flow Statement using the Indirect Method
02:21 - Step 1: Calculating Net Profit or Loss
05:46 - Step 2: Add Back Non-Cash Expenses
06:18 - Step 3: Adjust for Movement in Working Capital
09:19 - Is the Indirect Method Better than the Direct Method?
🔎FAQ
▪ My Favourite Accounting Book for Beginners → geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → geni.us/bNN7
▪ Xero (FREE TRIAL) → xeroamericas.grsm.io/ck90eoq1...
🚶FOLLOW ME ON
▪ Instagram → / accountingstuff
▪ TikTok → / accounting_stuff
▪ Facebook → / thisisaccountingstuff
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → • ACCOUNTING BASICS for ...
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
🎄Happy holidays 🎄This video wraps up the mini-series covering Cash Flow Statements. All of these videos can be found here → th-cam.com/play/PL5zKSeS09l314wQmOtPEIaYnCGlLPUNIh.html
Please let me know if you have any requests for future videos?
You are amazing bro! You literally saved my Financial Accounting course!! Keep up the great work!
Hi James can you continue with the investing and financing activities part of this video calculating cashflow using the indirect method please.
Percentage of completion, deferred income tax expense and other tax concepts in accounting! Please!
Can you do a video on Cash Flow patterns? I have a cash flow pattern chart with ++- and such for successful and struggling businesses but I think a video would help. Thanks.
@@heatherskar7812 Thanks for your request!
I never skip your ads. Because I learn so much from u than my teacher, hope ur channel will grow big
Thanks Ray! I appreciate your support :)
That is the mark of a true fan.
Our teacher didn't even teach us😂
^ My teacher doesn't even teach us either. I go online and we have a once a week live class with the professor and he just goes over rando finance principles. If you try to ask him how to do the actual assignment he tries to get out of it and will give you a token answer. The assignment is in the appendix in the book with barely any explanation in the bulk of the text and certainly no walk through. I'm like wtf, how am I supposed to learn how to do a friggin projected cash flows statement if I've never done it before. Friggers.
Where have you been the last 11 weeks?! After hours upon hours of trying to understand the Cash Flow Statement using the Indirect Method -- and this is supposed to be the simplest way?! -- I came across your video by chance; and I am so grateful that I did. You break down the process and explain it in such a way that is, not only easy to follow, but enjoyable as well. Thank you for being thorough, yet simplistic. I am now more prepared and ready to tackle my Final Exam in just a couple of days because of you and your videos. THANK YOU! Please keep recording and continue to share your knowledge; you are making a difference!
I have ovet 20 years experience as an accountant, yet it's great to go back to basics from time to time. I am finding these videos very engaging and well explained. Better than the lectures I had. A tip, don't stay stagnant in a business doing the same mundane work year on year. Move on or see if there is an internal promotion on offer.
I really needed this advice. Thanks 🙏🏼
This is so damn helpful and engaging, and I’m so bloody grateful I found this channel 😍😍
Thanks for the kind words!
James, I'm studying Accounting as part of my MBA, and not everything is always 100% clear. Your videos are so-so helpful to wrap my head around all of the accounting concepts and principles! Thank you very much for creating your amazing channel!!!
Hey Lena, no worries! I'm happy to help. All the best with your MBA!
Hi James, I can believe that you explained so easy and clear. If you’re the professor in a university, there’s no students fail at an exam and everyone will get a job. I am so lucky to found your TH-cam and I guess I am the latest one to see those videos. Thank you very much.
Man, thank you! I am in Intermediate Accounting 1 right now and this is the only piece I didn't understand - you explained it more clearly in 10 minutes than the class did in a full chapter plus two hours of lectures.
Absolutely GREAT!! I love how, step by step, you explain in precise detail the cash flow statement. Would love to see cash projections for 13 weeks
Ngl this was far more resourceful than my profs could ever be..
Cheers, glad you found it useful :)
Loved this! I was having a hard time understanding this but you've made it so much easier! Go Chuddley Cannons!
Haha thanks! Great to hear that it's making sense
By far the easiest way to pass accounting classes. Thank you 🙏
James, your videos are saving my accounting classes. Please don’t stop making them! They are very helpful!
Cheers Susan, all the best with your studies!
I appreciate you a lot! I learnt more from you than I did with my lecture in 2hrs! God bless you
No worries Brenda, I'm happy to help :)
Thanks James. You helped a lot😊
The way you explain is one of a kind. It is so fun, interesting and so understandable
good timing ! It's my managerial accounting this month! Additional learning from your channel. Thank you!
Thank you. I am in Accounting 102. This chapter in my textbook is simply dreadful, and I like this stuff. You made it engaging to me to follow.
Sooooooo easy to understand. It’s better than other videos on TH-cam, thank you so much sir.
This is the best Operating Cash Flow using Indirect Method video I've seen. I don't have an accounting background and I was able to understand. Thank you so much for starting with the fundamentals
How DARE you be this handsome?! I came here to learn!!!, but seriously, you're helping me through my accounting courses. Thanks a bunch ;)
yes lol!!!
Was geniusly looking this comment loool
Lol - really funny comment - but seriously he really is indeed incredibly handsome and that accent OMG. Cherry on top INTELLIGENT.
I have really struggled to wrap my head around cash flow statements... period!!!!!!! And I have a cash flow statement assignment due soon. And thanks to you and the mini-series, I won't be forgetting how cash flow statements work any time soon. These videos have been my life saver, to make sure that I really do understand cash flow statements thoroughly and nail that assignment. 😊
Very well done, now I have a better understanding of this topic, thank you.
Thank you for using your gift in doing so you have helped me enjoy accounting.🙏
I only wish I'd had your videos when I was working on my Master's in Accounting a few years ago! I really had a tough time with this concept then & never understood the logic behind it. Now I'm teaching accounting and am using your method of explaining this to my students because it's so much easier to understand than what I've heard or read before. I've spent a long time researching the topic in recent weeks and yours is the best by far. Many thanks--you are a gifted instructor!
Thanks Christina! All the best :)
i was legitimately almost in tears over this topic and your video saved my sanity! thank you
Super helpful! Had trouble understanding at first. But figured someone on TH-cam could explain it much better.
Honestly, your tutorials are really easy to catch up with and helpful. Thanks.
No worries Bayonle, glad you're finding them helpful!
Thanks for the great video. You're a much better teacher than my financial analysis professor.
This is so cool! I like that it's actually teaching me, and amusing at the same time. Gonna watch all the other videos 😀 Thank you for this!
Cheers, I'm glad you enjoyed it :)
omg this is the best accounting tutorial i ve seen before :) thank you so much. this really helps me preparing for a final exam (and i really LOVE the way you edit flims as well)
Thanks mate, good luck with your final!!
I really appreciate your videos James, thanks a lot
you are my hero! thank you so much for this effort!
Again, clear and concise, nice editing, plus handsome Canadian! - ha ha all in one! Thanks a lot!
This is really well done and high quality.. much better than what's out there on TH-cam!
Thanks Beshr, that is kind of you to say!
YOU'RE A LEGEND! Thanks a lot!! 🤗🤗
Thanks for vids, great explanation of basis shown in easy way. Keep doing your work. Cheers
This was driving me nuts on my financial accounting class, but thanks to your easy 3 steps, now it all makes total sense!
Nice one, great to hear it's making sense!
This video and your other direct method videos were provided by our professor as an supplement video for our lesson. I am glad she did and I found you!
Really? Well I'm happy to help! All the best with your studies
simple, direct and easy. appreciate the good work it helped me a lot preparing for my cma exam by understanding the foundations from your videos. again thank you james.
Best of luck with your exams!!
Once again your video has made something I've been struggling with for days a piece of cake! I am so happy to have found this channel, I need to start coming here first before even trying to decipher my textbook (it just ends up frustrating me).
Thank you so much!
No worries Elena, glad you cracked it!
You nailed it James thank u so much
This was very helpful. Thank you!
very good man one of the better communicators i have seen
Thanks Rob!
So organized in laying out important points, clear explanation, concise, cool video editing, nice handwriting and ...... so handsome!! :D >
Thanks for your kind words!
Studying for CFA level 1 exam and these videos are the greatest! Thank you!
Incredible content. Bored of reading my accounting textbook and glad I searched "statement of cash flows" on TH-cam.
Cheers David!!
Thank you so much! I was so so confused in both these methods but you made it simpler than ever! Love your style! Love from India :)
Hey Neha, great to hear it's making sense. All the best!
I have seen many channels on TH-cam covering accounting stuff. But what this guy does is amazing 😎 and his content provides the BEST ❤️ understanding !
Thanks Azhar!!
Excellent video mate. Excellent production quality too. And clear explanation. Also, what I like about your explanation is that you say just enough to explain, you don't over-explain and you don't digress. Excellent stuff.
P.S: I don't skip the ads.
Thanks for your feedback! I'm glad you enjoyed it.
Haha, I don't mind if you skip the ads
One of the best channels for accounting..
Great job mate.
keep it up. and don't loose the teaching spirit..
Cheers Aftab!!!
Broo!!! You made everything so much easier! Concise and engaging. Love this. I smashed tf outta the subscribe button 🙏
Cheers Gabriel, it's great to have you on board :)
U are an incredibly good accountant and teacher
Clear and crips, thank you!
This is a good quality video. I don't find much like these in accounting. Kudos to you!
Cheers, glad you enjoyed it!
I'm seeing your videos from the beginning of your channel very good explanation and very good information
Thank you I really like the basic financial lessons
Thank you so much. This radio saves my life!!!
No problem :)
incredibly thankful for this video, wish your channel the best!!
Thanks for the support!
This helped me a lot thanks man
holy cow, this video is gold !!! thank u sooo much, more ppl ought to see this
Cheers Carl! Great to hear it's helping :)
So happy to have found your channel. Your teaching method is so clear and easy to follow. Thank you kindly
Thanks Annie, glad you're finding these helpful :)
This video was fantastic! Thank you for helping me get my head around this.
No worries, glad it's clicking for you
An example of a thorough and simple explanation, thank you for the stress you saved me!
Cheers, glad it's helping!
Easy to understand 😊. I wish my lecturer put simpler word like yours. Love from Malaysia ❤
You're life saver..thank you ❤️❤️
Amazing and intuitive video. I was having trouble understanding cash flow statements but after seeing your video I completely understand it. Great job. Subscribed
Nice one! Cash Flow Statements can be intimidating but when you break them down they aren't all bad. Great to hear it's clicked for you
You are awesome! Thank you!
Thank you, James!!
I just bought the cheat sheet bundle. Thanks so much for putting all of this together!
Thanks for your support! I appreciate it :)
Thank you for this video. Was very short but too me so long to complete because I made sure I clearly understand you and made my note using the FS that I am reviewing right now to validate my understanding. Keeping doing what you are doing because you do it right than you can imagine
Cheers, hope it's making sense :)
nice content. This video saves my accounting.
Great video as always. Easy to consume especially for non-accounting major like me.
You explain so well😭 thank you.
Super high-quality video. Obvious you put a lot of work into editing. Good job bro!
Thanks, haha yes these vids take a long time to put together
this channel just save my days, thanks you soo much
No worries, all the best!
Really love your videos. They've been so helpful for a test I have for a job. Thanks so much :)
Thanks Abby, good luck in your test!
Editing is so crispy, love it!
Thanks!
Found this channel 3 hours before my midterm... it's a miracle :D best accounting explanations out there
Cheers Vincent! How did your midterm go?
Love this beautiful work! god bless you and Keep it up dude!
Cheers Jafer!
o my godness, that is soooooo good, so clear! extremely helpfulllll!
Thanks Tina!
Thanks for the video.
thank u for the explanation.
Awesome video thanks 🙏
i would like to appreciate a lot thanks James
Great video thank you so much
thank you so much for your videos 😭😭😭 they are super helpful and straight to the pt!!
Cheers, you're most welcome :)
Very useful!
i have an corporate accounting exam in 2 days and this is the final lecture to study so this is a great help for me...
Unreal video my dude thank you this helped a lot
No worries!
thanks for clearing my understanding!
You're welcome, glad to hear it's making sense!
Perfect, thank you!
No worries!
I appreciate yours work
I find your videos really easy to understand. Thank you so much, this has been really helpful. :)))
No problem, I'm happy to help!
you are so smart that you make complicated stuff feel simple. cheers
Thanks for your kind words! Glad it's making sense :)
very helpful! sweet and simple explanation. Thank you
Cheers Miguel!
Best video on the topic I've seen (serious).
"Increases in payables need to be added because if a business doesn't pay it's invoices it gets to hold on to it's cash."
Thanks for getting through to me at 4am at night. finally I understood. Very nice quote/explain
Ouch, 4am! That's way past my bed time
I watch it again and again...i learned a lot.thank you so much.
Thanks Gab! Hope it's making sense for you
Awesome brother this was very interactive and kudos to your editing skills and camera setup...
Thanks Rohit!
OH MY GOD! I AM SO HAPPY I FOUND THIS VIDEO! I just watched your Cash Flow Statement for Beginners video but STILL felt like I was missing something and I've been agonizing over this for 2 hours for my Intermediate Accounting class. THAAAANK YOOOOU! I needed it simplified more than my textbook and instruction videos were doing it and this hit the nail on the head.
Glad it was helpful!
Thank you so much for this video , now I really understand the indirect method 😃😃
It's my pleasure! Glad to hear that the video helped clear things up for you