I was wondering if the investing and financing sections were the same on the indirect and direct. It does. Thanks. My teacher was running through the example so fast I did not think about it at the time.
so he doesn't tell you how he actually does the direct method. He just tell you that he's going to show you how in a future video, and this helps....how exactly?
you can go to his channel and check the playlist of Direct Method for next steps. He's doing a GREAT job at explaining! I hated accounting to the gut but have been in awe with his teaching - and he's putting this precious on youtube. Don't judge him without checking everything out in the first place.
@@izzatiismahani6279 the best way to understand the workings is by open ledgers for each of the account,any difference in the account is posted to cash flow either as addition or subtraction Like the Receipts Sales+opening bal of Receivable less Closing Bal 300,000+110000+50000-20000=440,000
Dude, your videos are always just on the cusp of explaining a concept, but then you never really explain it. I'm three videos deep into a nest of videos where you swear that eventually you will teach how to actually calculate cash flow statement with the direct method.
How about this Net Income. 2,000,000 Depreciation 125,000 Allow. For bad debts 20,000 Increase in A/Rec. 250,000 Decrease in Inventories 325,000 Equipment 500,000 Sales of Equipment 35,000 Owner's Invest. 150,000 Borrowed fr. Bank 175,000 Owner's Withdrawal 70,000 Cash, Beg. 150,000 Direct method of statement of cash flow Thankyou❤😊
Cash received from customer's numbers is from Sales (I/S) -/+ any changes in the Accounts Receivables, rite? The ones for Cash Payments are checked out. Can anybody explain where the numbers 440,000 is from, please? Thank you.
Cash received from customers = Sales + Decrease in Acc Receivables + Increase in unearned revenue, it give us then $300 000 + $30 000 + $110 000 = $440 000
Good video! Discussion on how to do operating activities starts at 4:41.
dude so well explained. Next Tuesday Im having my first ever Uni final exam, and this video helped a lot.
This video is so in depth it can predict cash flows from the FUTURE :D
This is perfetc, thankyou!!
No problem 😊
I was wondering if the investing and financing sections were the same on the indirect and direct. It does. Thanks. My teacher was running through the example so fast I did not think about it at the time.
Thank you Sir Edspira
omg this video is great thank you soooo much for it
No problem 😊
so he doesn't tell you how he actually does the direct method. He just tell you that he's going to show you how in a future video, and this helps....how exactly?
It helps because by first understanding the big picture you can then dive into the details with more confidence.
exactly, pointless video
you can go to his channel and check the playlist of Direct Method for next steps. He's doing a GREAT job at explaining! I hated accounting to the gut but have been in awe with his teaching - and he's putting this precious on youtube. Don't judge him without checking everything out in the first place.
Just watch the other videos?
The video is very clear
Thank you, thank you thank you!
Great video! @7:24 I think COGS should be 3,000 instead of 7,000? Thanks again!
The others too please!!
I wanna know the workings 😭😭
Accounting Stuff yeah sure, I would love to know the whole working. Thank you ☺️
@@izzatiismahani6279 the best way to understand the workings is by open ledgers for each of the account,any difference in the account is posted to cash flow either as addition or subtraction
Like the Receipts Sales+opening bal of Receivable less Closing Bal
300,000+110000+50000-20000=440,000
@@AccountingStuff great explanation method! but we would appreciate you putting a link to the other related videos as well :)
I’ve never seen an annual report with the direct method cash flow statement. Interesting.
how you calculated Cash Received from Customer 440,000 $
Where does Notes payable go?
Dude, your videos are always just on the cusp of explaining a concept, but then you never really explain it. I'm three videos deep into a nest of videos where you swear that eventually you will teach how to actually calculate cash flow statement with the direct method.
How about this
Net Income. 2,000,000
Depreciation 125,000
Allow. For bad debts 20,000
Increase in A/Rec. 250,000
Decrease in Inventories 325,000
Equipment 500,000
Sales of Equipment 35,000
Owner's Invest. 150,000
Borrowed fr. Bank 175,000
Owner's Withdrawal 70,000
Cash, Beg. 150,000
Direct method of statement of cash flow
Thankyou❤😊
Cash received from customer's numbers is from Sales (I/S) -/+ any changes in the Accounts Receivables, rite? The ones for Cash Payments are checked out. Can anybody explain where the numbers 440,000 is from, please? Thank you.
To suppliers:
COGS $50,000
plus Inve 2022 of $50,000
minus Inve 2021 of $10,000
Plus A/c payable $10 000
minus A/c payable $30,000
=$70 000
To employees:
Wages exp $140 000
Plus Wages payable 2021 $10 000
Minus Wages payable 2022 $30 000
= $120 000
For interest:
Interest expe $10 000
Plus: Int payable 2021 $3 000
Minus: Int payable 2022 $1 000
= $12 000
For income taxes:
Income Tax Expe $8 000
Plus: Income Tax payable 2021 $1 000
= $9 000
Cash received from customers = Sales + Decrease in Acc Receivables + Increase in unearned revenue, it give us then $300 000 + $30 000 + $110 000 = $440 000
I have a chance at passing now
ShawoutsaABMstudentsdyan.
JUST GET TO THE POINT...
didn't understand s**t
cash receive from customer = Net sales +beginning A/R - Ending A/R>>
300000 +50000 - 20000 = 330000 ? COULD YOU EXPLAIN HOW BECOME 440000 (THANK YOU)