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1、Chapter 13-1Statement of Cash FlowsChapter 13Intermediate Accounting12th EditionKieso, Weygandt, and Warfield Prepared by Coby Harmon, University of California, Santa BarbaraChapter 13-21. 1.Describe the purpose of the statement of cash flows.Describe the purpose of the statement of cash flows.2. 2.
2、Identify the major classifications of cash flows.Identify the major classifications of cash flows.3. 3.Differentiate between net income and net cash flows from operating Differentiate between net income and net cash flows from operating activities.activities.4. 4.Contrast the direct and indirect met
3、hods of calculating net cash flow Contrast the direct and indirect methods of calculating net cash flow from operating activities.from operating activities.5. 5.Determine net cash flows from investing and financing activities.Determine net cash flows from investing and financing activities.6. 6.Prep
4、are a statement of cash flows.Prepare a statement of cash flows.7. 7.Identify sources of information for a statement of cash flows.Identify sources of information for a statement of cash flows.8. 8.Discuss special problems in preparing a statement of cash flows.Discuss special problems in preparing
5、a statement of cash flows.9. 9.Explain the use of a worksheet in preparing a statement of cash flows.Explain the use of a worksheet in preparing a statement of cash flows.Learning ObjectivesLearning ObjectivesChapter 13-3l l. . . . . . is a report listing cash inflows and is a report listing cash in
6、flows and outflows by category.outflows by category.l l. . . explains the change in cash during the . . . explains the change in cash during the period.period.l l. . . is required by . . . is required by SFAS No. 95SFAS No. 95Statement of Cash Flows (SCF) Statement of Cash Flows (SCF) Chapter 13-4l
7、lIncreased Business RiskIncreased Business Risk- Growing bankruptcy rate in the 70s and 80s.- Growing bankruptcy rate in the 70s and 80s.- The problem of uneven cash flows for small - The problem of uneven cash flows for small panies.- Cash flow information helps investors avoid - Cash flow informat
8、ion helps investors avoid losses from business failures.losses from business failures.Cash Flow ReportingCash Flow Reportingthe Trend Toward Cash Flowsthe Trend Toward Cash FlowsChapter 13-5l lPrevious Funds StatementsPrevious Funds Statements- Statement of Changes in Financial Position (- Statement
9、 of Changes in Financial Position (APB APB Opinion No. 19Opinion No. 19) )l lCash Basis or Working Capital BasisCash Basis or Working Capital Basisl lDifferences between Cash and Accrual AccountingDifferences between Cash and Accrual Accounting- GAAP is increasingly complex.- GAAP is increasingly co
10、mplex. Cash flow information is important in the Cash flow information is important in the short short runrun. .Cash Flow ReportingCash Flow Reportingthe Trend Toward Cash Flowsthe Trend Toward Cash FlowsChapter 13-6l lFree cash flowFree cash flowl lFinancial flexibilityFinancial flexibility- the ab
11、ility to use cash flows to meet unexpected - the ability to use cash flows to meet unexpected needs and opportunities.needs and opportunities.OperatingNecessary Operating Debt Cash and Capital ServiceReceipts ExpendituresPayments-( )+Cash Flow ReportingCash Flow Reportingthe Usefulness of Cash Flows
12、the Usefulness of Cash FlowsChapter 13-7The Statement helps users assess . . .The Statement helps users assess . . .l la firms ability to generate cash.a firms ability to generate cash.l la firms ability to meet its obligations.a firms ability to meet its obligations.l lthe reasons for differences b
13、etween income and the reasons for differences between income and associated cash flows.associated cash flows.l lthe effect of cash and noncash investing and the effect of cash and noncash investing and financing activities on a firms financial position.financing activities on a firms financial posit
14、ion.Statement of Cash FlowsStatement of Cash FlowsPurposePurposeChapter 13-8l lRequires the use ofRequires the use of cas cash h and and cash equivalentscash equivalents as as the basis of reporting.the basis of reporting.l lAllows two methods of reporting.Allows two methods of reporting.Direct Meth
15、odDirect MethodShows actual net cash inflow (outflow) from Shows actual net cash inflow (outflow) from operations.operations.Indirect MethodIndirect MethodShows net cash inflow (outflow) from operations Shows net cash inflow (outflow) from operations as an adjustment of net income.as an adjustment o
16、f net income.SFAS No. 95 SFAS No. 95 RequirementsRequirementsChapter 13-9l lCashCash is characterized as those items immediately is characterized as those items immediately available to pay obligations.available to pay obligations.l lCash EquivalentsCash Equivalents are characterized asare characterized as- Short-term, highly liquid investments.- Short-term, highly liquid investments.- Readily convertible into known and fixed amounts - Readily convertible into known and fixed amounts of cash.of
