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About this document
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- 1 page
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- Format
- Subject
- Accounting, Financial Accounting
- Module
- P 13-9A
This assignment covers the preparation of a statement of cash flows for ARMA Inc. It includes cash flows from operating, investing, and financing activities. It helps students practice financial accounting concepts.
What's inside
- Cash flows from operating activities
- Cash flows from investing activities
- Cash flows from financing activities
- Net increase in cash
- Cash at beginning and end of period
Who it is for: Students taking ACC 291. (Undergraduate)
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Summary
A statement of cash flows shows how a company's cash changed over a period. Students get practice preparing one for a company called ARMA INC. for the year 2011.
Cash Flows from Operating Activities
Operating activities are the core business activities that generate cash. These include adjustments for non-cash expenses and changes in working capital accounts.
Cash Flows from Investing Activities
Investing activities involve the purchase and sale of long-term assets and investments. These activities typically use cash.
Cash Flows from Financing Activities
Financing activities include transactions that affect the equity and borrowings of a company. These activities can either provide or use cash.
Net Increase in Cash
The net increase in cash is the sum of cash flows from operating, investing, and financing activities. It shows the overall change in a company's cash position.
Key terms
- Depreciation expense
- A non-cash expense that reduces the value of assets over time.
- Accounts payable
- Money owed to suppliers for goods or services received.
- Accrued expenses payable
- Expenses that have been incurred but not yet paid.
- Prepaid expenses
- Expenses paid in advance for goods or services to be received in the future.
- Inventory
- Goods held for sale in the ordinary course of business.
- Accounts receivable
- Money owed to a company by customers for goods or services delivered.
Questions this document helps with
- How do adjustments affect net income when preparing a statement of cash flows?
- What are the main types of investing activities?
- How do financing activities change a company's cash position?
Summary written with AI from the document's text.
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