Chapter 23 - Statement of Cash Flows

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CHAPTER 23

Statement of Cash Flows

ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)

Topics|Questions|Brief Exercises|Exercises|Problems| Concepts for Analysis| 1.|Format, objectives purpose, and source of statement.|1, 2, 7,8, 12||||1, 2, 5, 6| 2.|Classifying investing, financing, and operating activities.|3, 4, 5, 6, 16, 17, 19,24|1, 2, 3, 6, 7, 8, 12|1, 2, 10||1, 3, 4, 5| 3.|Direct vs. indirect methods of preparing operating activities.|9, 20|4, 5, 9, 10, 11|3, 4||5| 4.|Statement of cash flows— direct method.|11, 13, 14|8|3, 5, 7, 9, 12, 13|3, 4, 6|| 5.|Statement of cash flows— indirect method.|10, 13, 15, 16|8|4, 6, 8, 11, 14, 15, 16, 17, 18, 20|1, 2, 4, 5, 6, 7, 8, 9|2| 6.|Preparing schedule of noncash investing and financing activities.|18|12||5, 7, 8, 9|5| 7.|Worksheet adjustments.|21|13|19, 21|||

ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)

Learning Objectives| Brief Exercises|Exercises|Problems| 1.Describe the purpose of the statement of cash flows.||||
2.Identify the major classifications of cash flows.|3|1, 2, 10, 16|| 3.Differentiate between net income and net cash flows from operating activities.|4, 5, 9, 10, 11|2, 3, 4, 5, 6, 7, 8, 16|6, 7| 4.Contrast the direct and indirect methods of calculating net cash flow from operating activities. |4, 5, 6, 7, 9|3, 4, 5, 6, 7, 8|6, 7| 5.Determine net cash flows from investing and financing activities. |1, 2|16|| 6.Prepare a statement of cash flows.|8|9, 11, 12, 13, 14, 15, 17, 18|1, 2, 3, 4, 5, 6, 7, 8, 9| 7.Identify sources of information for a statement of cash flows. |||1, 2, 4, 5, 8, 9| 8.Discuss special problems in preparing a statement of cash flows. |12|10, 18|1, 2, 4, 5, 6, 7, 8, 9| 9.Explain the use of a worksheet in preparing a statement of cash flows. |13|19, 20, 21||

ASSIGNMENT CHARACTERISTICS TABLE

Item||Description|Level of Difficulty|Time (minutes)|
E23-1||Classification of transactions.|Simple|10–15|
E23-2||Statement presentation of transactions—indirect method.|Moderate|20–30| E23-3||Preparation of operating activities section—indirect method, periodic inventory.|Simple|15–25| E23-4||Preparation of operating activities section—direct method.|Simple|20–30| E23-5||Preparation of operating activities section—direct method.|Simple|20–30| E23-6||Preparation of operating activities section—indirect method.|Simple|15–20| E23-7||Computation of operating activities—direct method.|Simple|15–20| E23-8||Schedule of net cash flow from operating activities— indirect method.|Moderate|20–30| E23-9||SCF—direct method.|Moderate|20–30|

E23-10||Classification of transactions.|Moderate|25–35|
E23-11||SCF—indirect method.|Moderate|30–35|
E23-12||SCF—direct method.|Moderate|20–30|
E23-13||SCF—direct method.|Moderate|30–40|
E23-14||SCF—indirect method.|Moderate|30–40|
E23-15||SCF—indirect method.|Moderate|25–35|
E23-16||Cash provided by operating, investing, and financing activities.|Moderate|30–40| E23-17||SCF—indirect method and balance sheet.|Moderate|30–40| E23-18||Partial SCF—indirect method.|Moderate|25–30|

E23-19||Worksheet analysis of selected accounts.|Moderate|20–25| E23-20||Worksheet analysis of selected transactions.|Moderate|20–25| E23-21||Worksheet preparation.|Moderate|45–55|
|||||
P23-1||SCF—indirect method.|Moderate|40–45|
P23-2||SCF—indirect method.|Moderate|50–60|
P23-3||SCF—direct method.|Complex|50–60|
P23-4||SCF—direct method.|Moderate|45–60|
P23-5||SCF—indirect method.|Complex|50–65|
P23-6||SCF—indirect method, and net cash flow from operating activities, direct method.|Moderate|40–50| P23-7||SCF—direct and indirect methods from comparative financial statements.|Moderate|30–40| P23-8||SCF—direct and indirect methods.|Moderate|30–40| P23-9||Indirect SCF.|Moderate|30–40|

|||||
CA23-1||Analysis of improper SCF.|Moderate|30–35|
CA23-2||SCF theory and analysis of improper SCF.|Moderate|30–35| CA23-3||SCF theory and analysis of transactions.|Moderate|30–35|...
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