Great lecture sir, I really appreciate your good work. Just a minor thing I wanted to point out, @41:34 Account Receivables went up instead of going down but you have written it in positive instead of negative while explaining.
NomanAli: You are correct. If AR went up, then we didn't get cash which made it negative. IF AR had gone down, that meant we got cash in--'postive cash. He explained that in the first few minutes of the video.
At 41:25 accounts receivable was accounted for backwards. That is the reason for the confusion. Somehow he was still able to reconcile. The calculation of operating expenses was computed using different numbers than was written. This is still a very good video.
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Thank you for the explanation. I'm having a hard time with the cash flow statement and your videos are helping me fill a lot of gaps. Just one question; in year 3, why didn't we add Interest Expense in the operating activities section?
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.com/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
Thanks, I learned a lot from you 👍🏼 In the third case, why you included the value of purchased equipment from additional information in the INV. Part rather than the difference of the equipment in the current asset? Cheers
Thanks for this, but how do you treat dividend unpaid and dividend paid. If they're both given in the question. Do you add an increase in dividend unpaid and add dividend paid?
Hi Professor, for Loss of Sell Equipment, I agreed that no actual loss in cash, but for gain, we get money because our proceed is higher than BV, why no actual cash gain here?
I think the true explanation here is that gain/loss other than derived from OP activities will be eliminated because they will be presented in Investment or Financing activities so to avoid double counting we have to eliminate them from OP cash flow
Maybe it'll help to look at it this way, if this side weren't confusing, the other side would be. At least we didn't have to read the explanation from an even more confusing book written by Shakespeare in Old English. I dare say I think we both would have given up before blinking. Once we survive this chapter we will be able to handle maths at this level of insanity. Or it will be downhill from here. Just saying, I feel the same pain. This helps me grin and bear it. See you on the other side of this madness. In the very mean meantime, hang in there. Again, at least it's a video. What? 🤔 Rewind, replay, 15th time,....30th.... and counting.....
@@AccountingLectures I can't argue with that except that only doors are audit and attestation. On the other hand we are talking about 4 years of education, thousands of dollars on schooling
@@001looker Not entirely true. On the corporate side, CPAs make up most of the management, senior management, director, VP, and CFOs. Your income can easily go up to $200K/yr or more for medium to large size corporations. Never seen an EA as a staff accountant or even senior accountant since you will need a minimum of a bachelor's degree.
@@001looker Hey more power to you if you can pull that kind of salary. Would probably mean you are working some crazy hours with lots of smaller clients. Most corps I've worked for will not hire an EA over a CPA to do their taxes though. You can just do more than just taxes with a CPA. And accounting is not all tax.
@@zeyadsherif2111 it should be substract that 42,000 for A/R increase but i still dont get it why professor still get the same amount increased in cash. Anyway the whole video and all other video are very helpful and easy to understand. Thank you so much professor Farhat
Great lecture sir, I really appreciate your good work.
Just a minor thing I wanted to point out, @41:34 Account Receivables went up instead of going down but you have written it in positive instead of negative while explaining.
NomanAli: You are correct. If AR went up, then we didn't get cash which made it negative. IF AR had gone down, that meant we got cash in--'postive cash. He explained that in the first few minutes of the video.
At 41:25 accounts receivable was accounted for backwards. That is the reason for the confusion. Somehow he was still able to reconcile. The calculation of operating expenses was computed using different numbers than was written. This is still a very good video.
Wowww….. EXCELLENT EXPLANATION 👌👌👌👌
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Just the best as always! 👍🏽
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Thank you for the explanation. I'm having a hard time with the cash flow statement and your videos are helping me fill a lot of gaps.
Just one question; in year 3, why didn't we add Interest Expense in the operating activities section?
Thanks! It is amazing. you did a great job.
Please connect with me: linktr.ee/farhatlectures
Thanks for your appreciated effort
You are most welcome. Please subscribe and share.
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Connect with me:
Instagram Account: instagram.com/farhatlectures/
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Email: Mansour.farhat@gmail.com
Thanks, I learned a lot from you 👍🏼
In the third case, why you included the value of purchased equipment from additional information in the INV. Part rather than the difference of the equipment in the current asset?
Cheers
Thanks for this, but how do you treat dividend unpaid and dividend paid. If they're both given in the question. Do you add an increase in dividend unpaid and add dividend paid?
So...Does the ending balance of a cash-flow statement always equal for both cash basis and accrual basis cash-flow statement??
cash should be the same.
@@AccountingLectures Thank you for your reply! You r the BEST accounting professor!
How do I find the slides you're using for this video?
Www.farhatlectures.com
Hi sir,
What is the treatment of deferred tax in cash flow statement
Antonmursid🙏🙏
Antonmursid✋🙏
What happens to interest received, dividend received and interest paid in cashflow from operatong activity?
Hi Professor, for Loss of Sell Equipment, I agreed that no actual loss in cash, but for gain, we get money because our proceed is higher than BV, why no actual cash gain here?
I think the true explanation here is that gain/loss other than derived from OP activities will be eliminated because they will be presented in Investment or Financing activities so to avoid double counting we have to eliminate them from OP cash flow
Can you explain why for Equipment in part 3, (increasing from 68-193) is not accounted for in investing, but the 34,000 sold is
You said that paying dividends was a financing activity and you also said that paying dividends was an investing activity.
Hello!!
In 44.05, how it becomes 59000 cash from operating expenses? I am unable to get that. Can anybody help me ?
Because A/R is being subtracted, not added. He did a typo there.
Account receivables was an increase which meant that it had to be deducted. Very confusing
Yes, increase in A/R is a deduction.
Maybe it'll help to look at it this way, if this side weren't confusing, the other side would be. At least we didn't have to read the explanation from an even more confusing book written by Shakespeare in Old English. I dare say I think we both would have given up before blinking. Once we survive this chapter we will be able to handle maths at this level of insanity. Or it will be downhill from here. Just saying, I feel the same pain. This helps me grin and bear it. See you on the other side of this madness. In the very mean meantime, hang in there. Again, at least it's a video. What? 🤔 Rewind, replay, 15th time,....30th.... and counting.....
@@lisamccray6481 bro u ok
@@lisamccray6481 ur right tho
Antonmursid🙏🙏🙏🙏🙏✌👌💝🇲🇨🇲🇨🇲🇨🇲🇨🇲🇨✌👌💝🙏
Why would anyone become CPA when one can become EA with no need for education and it's pretty much the same thing.
CPA open more doors than just taxes (EA).
@@AccountingLectures I can't argue with that except that only doors are audit and attestation. On the other hand we are talking about 4 years of education, thousands of dollars on schooling
@@001looker Not entirely true. On the corporate side, CPAs make up most of the management, senior management, director, VP, and CFOs. Your income can easily go up to $200K/yr or more for medium to large size corporations. Never seen an EA as a staff accountant or even senior accountant since you will need a minimum of a bachelor's degree.
@@annl9637 Self employed EA can make lots of money. Also I seen plenty of job posting where EA with 5 years experience is being paid 150k+
@@001looker Hey more power to you if you can pull that kind of salary. Would probably mean you are working some crazy hours with lots of smaller clients. Most corps I've worked for will not hire an EA over a CPA to do their taxes though. You can just do more than just taxes with a CPA. And accounting is not all tax.
I think there is a wrong sign at the 3rd year for the A.R increase At ua-cam.com/video/fIgaZ6AMXFA/v-deo.html
Please reference the minute so I can review.
@@AccountingLectures 41:45 AR increase should be subtracted
@@zeyadsherif2111 it should be substract that 42,000 for A/R increase but i still dont get it why professor still get the same amount increased in cash. Anyway the whole video and all other video are very helpful and easy to understand. Thank you so much professor Farhat