This assignment reviews the purpose and sections of the SCF. You will examine the operating, investing, and financing sections of the SCF and determine which transactions affect the net cash flow for each. You will then apply these concepts in an interactive game to test your ability to classify business cash flows.

Learning objectives

1. Define the purpose and components of the statement of cash flows (SCF) according to US GAAP.
2. Classify business cash flows as increases or decreases in operating, investing, and financing activities according to US GAAP.
3. Explain how accrual accounting causes differences between net income and operating cash flow.
4. Identify noncash transactions affecting the SCF and reported net income.

Suitable courses: Financial
You must have an account with EYARC Experience and then go to the Assignment Catalog to review