HBX core: Financial Accounting Questions And Answers Rated 100% Correct!!
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Course
HBX core: Financial Accounting
Institution
HBX Core: Financial Accounting
cash flows from financing activities - ️️cash inflows and outflows related to external
sources of financing (owners/investors and creditors) for the enterprise. Under GAAP,
dividends paid is in this section. Under IFRS, dividends paid may be in operating
section an interest paid my be here.
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HBX core: Financial Accounting
cash flows from financing activities - ✔️✔️cash inflows and outflows related to external
sources of financing (owners/investors and creditors) for the enterprise. Under GAAP,
dividends paid is in this section. Under IFRS, dividends paid may be in operating
section an interest paid my be here.
Real accounts - ✔️✔️Asset, liability, and equity accounts; these accounts appear on
the balance sheet. Companies do not close real accounts, also called permanent
accounts. Eg. PPE, land &buildings, deferred revenue, goodwill, intangible assets, office
furniture & equipment, prepaid expenses, common stock, inventory, other liabilities,
accounts receivable, addtl paid in capital
sections of statement of cash flows - ✔️✔️operating activities, investing activities,
financing activities
cash flows from operating activities - ✔️✔️cash inflows and outflows directly related to
earnings from normal operations. Under US GAAP, interest paid is included here.
Result is net cash flow from operating activities.
indirect method of preparing operating section of cash flow - ✔️✔️Start with net income
from income statement. Make adjustments to undo impact of accruals made during that
period.
3 types of financial statements - ✔️✔️balance sheet, income statement, statement of
cash flows
cash flows from investing activities - ✔️✔️cash inflows and outflows related to the
acquisition or sale of productive facilities, investments in the securities of other
companies, and loans to 3rd parties
Start up cash flow - ✔️✔️Negative or low operating activity, negative cash from
investing, large fluctuations in cash flow from financing
Profitable/ growing business cash flow - ✔️✔️Positive cash from operating activity,
negative cash from investing, positive/negative/neutral cash flow from financing
Mature company cash flow - ✔️✔️Positive cash from operating activity, slightly
negative cash from investing, negative cash flow from financing
Business in decline cash flow - ✔️✔️Negative cash from operating activity, positive
cash from investing, either positive or negative in cash flow from financing
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