Statement of Cash Flows
1) New simple accounting cycle example with new slides posted on Canvas (50 minutes)
a) Completion of Accounting Cycle Problem
b) Discussion of Cash Flows, life cycle, operating vs. investing vs. financing cash flows
c) Equation representation of net income derived from the accounting equation
d) Equation representation of cash flows, which I term the "Indirect method formula"
e) Solving cash flows using the cash flow worksheet
2) Discussion Board Questions
3) Discussion of Accounting Cycle Problem from Textbook Slide Example in Excel Spreadsheet, and solving the cash flow worksheet
4) Work parts of the Ch 3/4 accounting cycle problem exercise homework as a class with discussion