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ACCT1511 Topic 4

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Notes for ACCT1511 Topic 4 . NO uploading allowed by anyone else to other places!

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9 Pages Partial Study Notes 1-2 Years old
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ACCT1511 Topic 4
Topics this document covers:
Business economics Economy Accounting Cash flow Asset Cash flow statement Operating cash flow Free cash flow Income statement Expense Balance sheet Debits and credits
This is a Partial Set of Study Notes

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Topics this document covers:
Business economics Economy Accounting Cash flow Asset Cash flow statement Operating cash flow Free cash flow Income statement Expense Balance sheet Debits and credits
Sample Text:
Shows changes in a company’s cash balance during the accounting period as a result of: Operating activities; Investing activities; Financing activities. 2. Provides information about a company’s ability to remain solvent 3. Provides information about a company’s ability to grow *Cash flows: transactions that involve the receipt or payment of cash Statement of Cash flows 1.Cash from operating activities: Cash flows from general operating activities of the business Primary activities of buying, selling, and delivering goods or services and activities that support the primary activities Cash inflows: a) receipts from the sale of goods and services b) interest received c) dividend received Cash outflows: a) purchasing inventories b) paying taxes c) paying utilities d) interest to lenders Statement of Cash Flows Cash from operating activities Cash inflows XX Cash outflows (X...
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