HBX core: Financial Accounting Questions and Correct Verified Answers Latest Version
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Course
HBX
Institution
HBX
3 types of financial statements
balance sheet, income statement, statement of cash flows
Statement of Cash Flows
A financial statement that provides a detailed financial picture about
the cash receipts and cash payments of a business for a specific
period of time. It also reconciled beginn...
✓ Start with net income from income statement. Make adjustments to
undo impact of accruals made during that period.
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
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.
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
Master01 | September, 2024/2025 | Latest update
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