Prepare A Cash Flow Statement | Indirect Method
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- Опубліковано 19 чер 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.
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⏱️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?
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🎄Happy holidays 🎄This video wraps up the mini-series covering Cash Flow Statements. All of these videos can be found here → ua-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.
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 🙏🏼
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!
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!
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.
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 UA-cam and I guess I am the latest one to see those videos. Thank you very much.
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
Ngl this was far more resourceful than my profs could ever be..
Cheers, glad you found it useful :)
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
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.
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. 😊
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
Thanks James. You helped a lot😊
The way you explain is one of a kind. It is so fun, interesting and so understandable
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 :)
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
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
good timing ! It's my managerial accounting this month! Additional learning from your channel. Thank you!
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!
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!
Sooooooo easy to understand. It’s better than other videos on UA-cam, thank you so much sir.
Very well done, now I have a better understanding of this topic, thank you.
Super helpful! Had trouble understanding at first. But figured someone on UA-cam could explain it much better.
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!
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 have seen many channels on UA-cam covering accounting stuff. But what this guy does is amazing 😎 and his content provides the BEST ❤️ understanding !
Thanks Azhar!!
Studying for CFA level 1 exam and these videos are the greatest! Thank you!
Thanks for the great video. You're a much better teacher than my financial analysis professor.
So organized in laying out important points, clear explanation, concise, cool video editing, nice handwriting and ...... so handsome!! :D >
Thanks for your kind words!
Thank you for using your gift in doing so you have helped me enjoy accounting.🙏
I was on the brink of nervous breakdown before my financial accounting exam and in 11 minutes you managed to explain what my teacher couldn't in 3 months. Thank you so much
Best of luck!!
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
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!!
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
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!
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 :)
I really appreciate your videos James, thanks a lot
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 :)
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...
I'm doing ca Intermediate by self study and this video cleared all my doubts in cash flow statement. Tq sir lots of love from India.
Thanks a ton for this video! I am currently pursuing my MBA and coming from a Science background I didn't really understand many of the terms and processes in my accounting textbooks. But ur video just broke down the whole thing into simple and easy steps. Definately Subscribing!!
Cheers Aparajit! Glad it made sense and thanks for the sub
you are my hero! thank you so much for this effort!
Great video as always. Easy to consume especially for non-accounting major like me.
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!!
Interesting and lively presentation (eg, altered facial profiles) helped raise what might (in some hands) be a dull, grey, bleak and hard subject into lively, bright and fun clarity. I'm so grateful for the help.
Thanks Helen, glad you enjoyed the vid! Hope you found it useful
Thanks for vids, great explanation of basis shown in easy way. Keep doing your work. Cheers
Easy to understand 😊. I wish my lecturer put simpler word like yours. Love from Malaysia ❤
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!
This is really well done and high quality.. much better than what's out there on UA-cam!
Thanks Beshr, that is kind of you to say!
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
Honestly, your tutorials are really easy to catch up with and helpful. Thanks.
No worries Bayonle, glad you're finding them helpful!
Incredible content. Bored of reading my accounting textbook and glad I searched "statement of cash flows" on UA-cam.
Cheers David!!
You nailed it James thank u so much
One of the best channels for accounting..
Great job mate.
keep it up. and don't loose the teaching spirit..
Cheers Aftab!!!
This was very helpful. Thank you!
YOU'RE A LEGEND! Thanks a lot!! 🤗🤗
This video was fantastic! Thank you for helping me get my head around this.
No worries, glad it's clicking for you
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 :)
An example of a thorough and simple explanation, thank you for the stress you saved me!
Cheers, glad it's helping!
This is a good quality video. I don't find much like these in accounting. Kudos to you!
Cheers, glad you enjoyed it!
Hello sir, I am Nurfairus Najwa Binti A Ramzi from UPSI Malaysia. Thank you for the explanation, from this video I learned about the format or steps of the cash flow statement indirect method.
You're life saver..thank you ❤️❤️
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 :)
Clear and crips, thank you!
I'm seeing your videos from the beginning of your channel very good explanation and very good information
holy cow, this video is gold !!! thank u sooo much, more ppl ought to see this
Cheers Carl! Great to hear it's helping :)
Thank you I really like the basic financial lessons
I just bought the cheat sheet bundle. Thanks so much for putting all of this together!
Thanks for your support! I appreciate it :)
incredibly thankful for this video, wish your channel the best!!
Thanks for the support!
Great videos, They've really helped me in these last couple weeks of my Financial Accounting class. I just wish I would have found you sooner. Hopefully your videos will be relevant in my upcoming Managerial accounting, and corporate finance classes.
Cheers Christopher! I hope to cover Managerial Accounting in the future as well
Man you are Amazing !
Am Saudi Senior Accountant and Financial Analyst and watching you videos
Many Thanks
No worries, glad to hear that you're finding the vids helpful!
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?
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!
Love this beautiful work! god bless you and Keep it up dude!
Cheers Jafer!
Again, clear and concise, nice editing, plus handsome Canadian! - ha ha all in one! Thanks a lot!
This helped me a lot thanks man
You explain so well😭 thank you.
Thank you so much. I couldn't for life's sake figure out why decreases and increases in trade receivables and payable were going the opposite way. You made it so much more clearer than my text book. Keep up the great work.
That can be a real confusing one! Glad it's clicked for you
very good man one of the better communicators i have seen
Thanks Rob!
Yes, I can reaffirm your promise that this video is gonna be so much helpful,,,,, thanks a lot,
You are most welcome
U are an incredibly good accountant and teacher
you are the coolest accounting teacher. I used to hate accounting because of professors. But thanks to you I started loving it.
Thanks for your kind words!
I love your videos and how detailed and direct you speak. Is there a chance you might try out some CAPE Accounting pastpapers?
nice content. This video saves my accounting.
You are awesome! Thank you!
thank you so much for your videos 😭😭😭 they are super helpful and straight to the pt!!
Cheers, you're most welcome :)
omg I spent like 2 hours listening to my professor and still no idea what it was and now I spent only 30 minutes (including taking notes) I already understand the indirect method... thank you very much!!
No problem. Great to hear it's clicking for you :)
I am very grateful for this video. I was in midst of my online class about indirect method and a whole chapter of 40 pages didn't get me through what your single format did. Thanks for that❤
No problem, all the best with your studies :)
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!
Thank you, James!!
very helpful! sweet and simple explanation. Thank you
Cheers Miguel!
i would like to appreciate a lot thanks James
Thank you so much for your intention to present the Accounting and make it easy to understand for Everyone.
You're very welcome!
thanks for clearing my understanding!
You're welcome, glad to hear it's making sense!
Thank you so much. This radio saves my life!!!
No problem :)
I find your videos really easy to understand. Thank you so much, this has been really helpful. :)))
No problem, I'm happy to help!