Prepare A Cash Flow Statement | Indirect Method
Accounting Stuff
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Want to learn Accounting? You are in the right place! I’m James, a qualified accountant with 6+ years of experience at the Big 4 and in industry. Since 2018, I’ve been creating educational videos to help bookkeepers, students and small business owners learn Accounting. On this channel, you’ll find tutorials and quizzes that simplify complex accounting concepts, making it easier to apply them in your work or studies. Whether you’re just starting out or refining your skills, Accounting Stuff will guide you through the theory of Accounting & Bookkeeping. Got questions or requests? Drop a comment on any video, and I’ll get back to you. 🔔 Subscribe here: https://www.youtube.com/c/accountingstuff?sub_confirmation=1 👉 Become a member and unlock perks: https://www.youtube.com/c/accountingstuff/join 🚀 Cheat Sheets & Practice Questions: https://accountingstuff.com/shop
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📚 New! Get my 2nd Edition Accounting Cheat Sheet Bundle → https://accountingstuff.com/shop Learn how to produce a Cash Flow Statement using the Indirect Method. This episode of Accounting Basics for Beginners is Part 3 covering Indirect Method Cash Flow Accounting. The rest of the series can be found here: ▪ Cash Flow Statement Direct Method (Part 1) → https://youtu.be/Xy-yDw0gsgc ▪ Cash Flow Statement Direct Method (Part 2) → https://youtu.be/KOR10VPsyO8 Preparing a Cash Flow Statement using the Direct Method can be time consuming. In this episode of Accounting Stuff, I'll show you the faster way.... using the Indirect Method. 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel 🖊STUFF I USED IN THIS VIDEO ▪ The pens → https://geni.us/sTPHTV ▪ The bullet journal → https://geni.us/yToB ⏱️TIMESTAMPS 00:00 - Intro 01:07 - Comparing the Direct and Indirect Method 02:11 - How to Prepare a Cash Flow Statement using the Indirect Method 02:21 - Step 1: Calculating Net Profit or Loss 05:46 - Step 2: Add Back Non-Cash Expenses 06:18 - Step 3: Adjust for Movement in Working Capital 09:19 - Is the Indirect Method Better than the Direct Method? 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/thisisaccountingstuff/ 🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff
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