Cashflow Statement Indirect Method, explained

Рет қаралды 101,753

2 жыл бұрын

In this video I show (by example) how to prepare the Cashflow Statement, the indirect method.
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Пікірлер: 177

@404TRUCKERTV 2 жыл бұрын

man I don't know why accounting professors can't just teach this easy. cash flow statement always have me confused until now. Is it good or bad for cash? that makes so much sense lol.

@TheFinancialController 2 жыл бұрын

Thinking of putting that on a tshirt. Thanks!

@Remueru3 Ай бұрын

thank you Mr. @@TheFinancialController

@JarlTryggve 2 жыл бұрын

This was really fun to watch. Much more interesting than my accounting textbook! Thank you for taking the time to explain this at a level a rookie can understand. I really enjoy your videos!

@mariafernandasanchez6459 2 жыл бұрын

Very helpful. The statement of cash flow was one of the most difficult to analyse for me and you explain it clearly, concise, making it easier to understand. Thank you so much.

@TheFinancialController 2 жыл бұрын

Glad it was helpful Maria!

@martinkohn6231 2 жыл бұрын

Thanks a lot for your efforts in making this video. It makes the subject of cash flow easy to understand.

@ibrahimgabal4216 5 ай бұрын

Thank you very much it is the first time for me to fully understand cash flow statement

@HappyEmileHeskey Жыл бұрын

Thanks for explaining, I always used AIR (Assets Increase, Remove) but this actually helps with the underlying understanding. Many thanks!

@user-yc2cs2mp6f 7 ай бұрын

I have been watching you since 2020, and I cant wait you for the nexet video, your way that you explain is very professional and very easy in the same time , thank you 😊

@themanfromoregon6047 Жыл бұрын

I've been rewatching this regularly. In my associates program, we only focused on Income Statement, Statement of OE and Balance sheet, so this is the next big step we flow into during the Bachelors program. This is a super helpful video, and as a tutor, this is the kind of explanation I want to fully understand when I eventually help other students reach their goals.

@TheFinancialController Жыл бұрын

Thank you for watching and commenting!

@ramajaya811 2 жыл бұрын

Thank you so much bill. Since studying Accounting, Cash Flow is always difficult to learn. But now, I could under stand the concept

@khanhlinhang9456 11 ай бұрын

You have just saved my life and my exam. Thank youuuuu

@nannee4282 Жыл бұрын

God bless you! You helped me to understand the cash flow statement, keep up the good work.

@Vasantha.Praveen 2 жыл бұрын

your videos are always very clear and effective

@SkateTakesTheWorld 2 жыл бұрын

I recently landed my job as an audit associate at of the big4 firms, thank you for the great inspiration and tips

@ltran6535 2 жыл бұрын

Congrats!

@jasjeetsingh6220 Жыл бұрын

extremely well explained.. very simplified and clear.. appriciate this..

@alimohamedahmed2328 2 жыл бұрын

Thank you so much, I watched many videos, but it wasn't as what you are given us , thanks again

@Channelll111 2 жыл бұрын

Great to upgrade my knowledge after watching your random videos that appear on my timeline. Thanks!

@colouroflife5504 Жыл бұрын

Was looking for simple explanation. Finally i got it. Thanks a lot.

@Miriamfeghaly00110 2 жыл бұрын

Hi, I really like your content and how you explain things in an easy manner! Can you please do some videos about fund accounting and accounting in non-profits ( like foundations and organizations that are grant-funded)? It would really help me and other people! Thank you!

@md.ripanpatwary7961 2 жыл бұрын

Well explained, thanks and well-done. your videos are always very clear and effective.

@poonamdeshpande9371 Жыл бұрын

Thank you, i have watched many videos on preparing cash flow, this is the best.

@qwertz9501 2 жыл бұрын

i like your kind of videos and your deeply explanations with practicle backing up storys: keep on grinding & uploading content "free" to watch on yt.

@chenxixia585 7 ай бұрын

Thank you so much! This is the by far the most well explained video on cash flow!

@TheFinancialController 7 ай бұрын

Glad it was helpful!

@shuyebrizvi6002 Жыл бұрын

How amazing method of teaching, your videos are very 2 informative and easily understandable. I m really a big fan of u. God bless u .

@subedivlogs4587 Жыл бұрын

Thanks for your Vedio, I am getting more support from your vedio . thank you you are my real teacher . Lots of love from nepal

@ditabahari5295 2 ай бұрын

The clear explanation plus the use of excel really help us to follow the logic behind it, thanks a lot!

@TheFinancialController 2 ай бұрын

Glad it was helpful!

@yehiazakaria1545 2 жыл бұрын

Thank you for sharing this valuable information. Much appreciated. On the other side , I prepare myself for upcoming accounting / finance interview for Accounting supervisor / finance section head / head of accounts receivable. Accordingly; could you please advise me about the topics that I should review before the interview for the mentioned positions or what's the questions that the interviewer might be ask me ? Thanks in advance

@gauudi8230 Жыл бұрын

Easy to follow. Great content!

@deniisnandahidayat7266 2 жыл бұрын

you make it look so easy, thank you so much.

@rasraster 6 ай бұрын

Beautifully explained. You're a great teacher

@TheFinancialController 6 ай бұрын

Thank you!!

@user-ku9oo3wu2o 2 жыл бұрын

Love your explanation! Thanks a lot for this videos!

@shahjadamonsur1110 2 жыл бұрын

Bulls eye with simple explanation... 👍

@missy567ful 2 ай бұрын

I used to wreck my brain on the logic behind why we're adding or subtracting non cash items from net income, but you cleared that up. When ypu read verbiage in a book, you want to understand everything, but everyone's explanation could use some fine tuning to see the bigger picture of things and you truly are breaking things down for me. Thank you so much!

@TheFinancialController 2 ай бұрын

happy it makes sense!

@mustaphaoyinlola2692 2 жыл бұрын

Well explained, thanks and well-done. Great FC!

@aaroacademy Жыл бұрын

Thank you for this Presentation. Much appreciated.

@jojojojo-pu1pt 2 жыл бұрын

omg I started to love accounting thanks to you.

@TheFinancialController 2 жыл бұрын

Thanks a lot

@carenasemerel1953 Жыл бұрын

Omg, This video is so helpful.. you should become an accounting professor… Thank you so much.. Now I overstand..

@ahss6275 2 жыл бұрын

Excellent explanation & video. 👏👍

@CPATuttle Жыл бұрын

This was a good refresher!

@nathannguyen4127 7 ай бұрын

Great video! easy to understand!

@TheFinancialController 7 ай бұрын

Glad to hear that!

@rasiajones1835 7 күн бұрын

Very clear explanation! Thank you!

@TheFinancialController 3 күн бұрын

Glad you enjoyed it!

@markrongan6500 Ай бұрын

Man this video has helped me to really understand indirect method. Thank you. 😊

@TheFinancialController Ай бұрын

Great to hear!

@safwaneeidel6649 9 ай бұрын

Thanks for the video ! It was really helpful :)

@AbdullahGalal 8 ай бұрын

Great explanation! I like the qustion "Is it good or bad for cash" I'm preparing a video to show how the cash flow statement works in the ERP system SAP S4HANA and this is a big help. Thank you!

@TheFinancialController 8 ай бұрын

Good stuff!

@rayanamer2999 4 ай бұрын

Thanks man, you are brilliant and doing great things to others 👍🏼

@TheFinancialController 4 ай бұрын

I appreciate that!

@user-yy8ww4tk2r 8 ай бұрын

Excellent explanation !

@TheFinancialController 8 ай бұрын

Glad you liked it!

@jenniferlim2250 2 жыл бұрын

Hi Bill. Is there a way to automate/semi-automate the preparation of this CFS statement?

@omedaubed Жыл бұрын

It is very useful, thanks

@mariambennasr4549 2 жыл бұрын

Well explained thanks 👍

@zakiqadiri4065 2 жыл бұрын

Thank you sir. Easy to understand ! Is it good or bad for CASh?!👌🏽

@lucatintor4896 2 жыл бұрын

Excellent video.

@arbazahmad7177 2 жыл бұрын

Well explained 👏...

@TheEgunjobi 2 жыл бұрын

Highly recommended. 👍🏽

@noorsivi1384 Жыл бұрын

very well explained. thanks

@manikaur748 Жыл бұрын

Thank you for explaining it so thoroughly! I am currently studying for my CPA FAR exam, so this video was extremely helpful!

@TheFinancialController Жыл бұрын

Glad it was helpful!

@ranjithkumar-hd6kc Жыл бұрын

Very much helpful.. thansk

@TheJdelgomes Жыл бұрын

Excelente vídeo. Thank you

@investorslifepk Жыл бұрын

Appreciate it, valuable

@nabeelkhan00 Жыл бұрын

Great explanation 👍

@sylviasanchez6030 3 ай бұрын

Well explained, thank you

@TheFinancialController 3 ай бұрын

Glad it was helpful!

@KingOFFLINE 7 ай бұрын

Great explanation!

@TheFinancialController 7 ай бұрын

Glad it was helpful!

@thecrazymonks01 Жыл бұрын

Awesome..thanx a lot.

@NasreenMasha-um6pv 3 ай бұрын

Thank you nice tricks to make us understand

@TheFinancialController 3 ай бұрын

It's my pleasure

@MahyarAstani 8 ай бұрын

Thank you for this great video

@TheFinancialController 8 ай бұрын

Glad you enjoyed it!

@antaramalis 2 жыл бұрын

Best ....learned cash flow statement like fun..👍👍👍

@TheJaebeomPark Жыл бұрын

I like your explanation. is that right when calculating cash inflow from investing activities depreciation should be considered as well?

@zedanzaki Жыл бұрын

Wonderful job Mr Bill henna you really helping accountants , but make videos by using the inter active smart board so it will very good to watch all the explanation

@firdousq 2 жыл бұрын

Hi Bill, just found you today doing a search and i loved ur videos. I wanted to get some feedback from u regarding the career path i should be choosing. I have a BA in finance and worked in the field for 2 years and then left the workforce to raise a family. My kids are going to school now and I want to see if i could get my foot into accouting. My experience at this point is obsolete and i most definitely need some classes to brush up. Where do i start? I really want to try to get an entry level job in accounting but should i start looking for accounting assistant jobs instead? I live in Brooklyn, NY. Any kind of feedback would be much appreciated

@rachelcoleman4824 22 күн бұрын

Wonderful!

@angelopitruzzella3985 Жыл бұрын

Great video!

@TheFinancialController Жыл бұрын

Thanks!

@mintp889 4 ай бұрын

THANK YOU!

@the_happy_guy3853 Жыл бұрын

Hello Sir...Nice explanation! Just one small doubt How do we adjust for bad debt expense and allowance of doubtful accounts in the indirect method?

@mithunsaha1 Жыл бұрын

WELL EXPLAINED BRAVO SIR....... SO SIMPLE BUT LUCID GR8

@TheFinancialController Жыл бұрын

Thanks Mithun!

@tshegomotaung5249 2 жыл бұрын

this was a fun lesson

@kelexqiang5 11 ай бұрын

Very useful. Thks

@Wale_mo 2 жыл бұрын

Good job 👍

@petertenay1785 7 ай бұрын

U never fail

@nurmohammed504 2 жыл бұрын

Thank very much

@xx-kp2qp 7 ай бұрын

Finally I understood it!!! I am glad I did b4 I leave this life.. Life without understanding cash flow statement is no life at all 😅

@TheFinancialController 7 ай бұрын

Haha nice

@NS-tz3nt 10 ай бұрын

Thank you so much ! Do you have any suggestions where I can go to learn about this and Canadian Intermediate Accounting course ? It would be greatly appreciated if you did and would help me so much in my course . Thank you !

@mariosxenos3795 2 жыл бұрын

Hi there, regarding the equipment purchase difference, don't we count the year end additions before deprecation, i.e. Equipment 20X1 + Depreciation 20X1 - Equipment 20X0? Thank you!

@godisgoodgood62 2 жыл бұрын

Thank you for your explanation! One question I want to ask you is; I have two job offers, one is from a Big four another one is a small accounting firm. The pay is almost the same so I'm kind of confused which one to choose for someone who is coming out of college? Thank you once again!

@TheFinancialController 2 жыл бұрын

Big 4.

@asj2749 7 ай бұрын

Good video, thank you. How come for when making a profit for selling equipment in the operating section in the cash flow statement it shows it as a negative value. Can anyone explain this?

@andreraphael1875 Жыл бұрын

Wow! Great accountant

@kennyacosta1255 2 жыл бұрын

I really enjoy these videos ! I did want to ask a question. Is it possible to get an entry level accounting job in the private/corporate sector like a staff accountant with a finance degree ?

@TheFinancialController 2 жыл бұрын

Yes

@user-sq8li2os8v 3 ай бұрын

thank you so much

@TheFinancialController 3 ай бұрын

You're welcome!

@FundamentalEconomics 2 жыл бұрын

Love from 🇧🇩🇧🇩🇧🇩 Bangladesh, Sir

@misaelfernandes5024 2 жыл бұрын

muito bom!

@TheGeneralJos 2 жыл бұрын

Hi Bill! This question is wholly unrelated to this video, but I was wondering what your thoughts are on the AICPA's changes to the CPA exam beginning January 2024. I'm expected to graduate with an accounting degree in Spring 2023. I'm in the unique position of possibly being grandfathered into the current exam format, but it's an exciting prospect to take the "new and improved" exam format. Would you offer your considerations?

@TheFinancialController 2 жыл бұрын

Sorry I don’t know enough about it but I will take a look at it and might be a good subject for a video

@christophermoriarrty6883 2 жыл бұрын

Hi brother, My self christeena, I have 5 years experience in Accounting payable and able to do payable supervisor level. I have done my masters in commerce. So I need to grow my career in Finance or accounting field. So in your opinion which course should I select except cma or cfa. Please advice. I want to do one masters course in UK. So pls reply @The financial controller

@ellywang5457 Жыл бұрын

hi just wondering how about the increase of PPE is not paid by cash but by credit, is it still impact cash flow statement ?

@TheFinancialController Жыл бұрын

Yes still impacts, and the credit aspect will be picked up in the chance in accounts payable

@aboobacker4 Жыл бұрын

Dear sir, thank you for the video, you had not mentioned about what is the impact of accrued interest and earned interest, could you please give a reply

@aarkamudug4478 Жыл бұрын

This was really helpful. But, how do you know which item goes to which category. I know the. Items that go into Operating activities such as a/r and a/p, is there any pattern to follow when doing investing and financing. Activities? For example, if you are given a long list of items, how do you differentiate. Do we have to memorize?

@Shedin-cz9zx 2 жыл бұрын

What are the other items should be added back to net income besides depreciation?

@TheFinancialController 2 жыл бұрын

Amortization and stock compensation expenses are common

@sarahr9964 7 ай бұрын

I have exam next week and I couldn't understand this indirect method. Thank you so much

@TheFinancialController 7 ай бұрын

You are most welcome

@user-tj5sh3dg1s 2 жыл бұрын

Ups and downs are inevitable in life. The more favourable the situation, the humbler we need to be. Keep bitterness to ourselves and leave happiness to others.

@Kaijja 2 жыл бұрын

thank you so much. In my example, there is a gain on sale of equipment for $10K. The solution subtracts the amount. what is the logic to subtract the gain on sale of equipment?

@TheFinancialController 2 жыл бұрын

I will need to look at the full example to answer that but in any case you need to see if the gain had already been counted for a net income

@reginalibinga9647 10 ай бұрын

good financial controller

@JesusisLord78 10 ай бұрын

Nice but just wanted to know what that light behind you mean because I see it in all your videos. Is it your logo?

@TheFinancialController 10 ай бұрын

thanks, the light isn't a logo, just looks nice

@temilolaabiola3750 Жыл бұрын

Hello, I have a question 🙋‍♀️ Why are interest and tax sometimes under operating activities?

@christiancartagena93 2 жыл бұрын

Just a question on my mind as i am finishing up my business admin associates, I was wondering why someone would do masters in accounting or bachelors in accounting if you can do business admin concentrate in accountant and be more well rounded kind of the best of both worlds. MBA Accounting can qualify you to get a CPA certificate so why just get a masters in accounting ?????