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General Accounting Discussions: Cash Flow Statement without I/S

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    • CommentAuthorACCPAC
    • CommentTimeApr 10th 2007
     
    My accounting professor told us that in the exam he may ask us to create a cash flow statement using INDIRECT FORMAT/METHOD from a balance sheet only, without an income statement. Can anybody tell me what are the additions and deductions (to the change of retained earning) to calculate net income?
    • CommentAuthorAbusamak
    • CommentTimeApr 11th 2007
     
    1- to net income= end.bal. retined earning - beg.bal.R.E + dividend payaple
    2- to dep. exp.= end.bal accu. dep.- beg.bal. accum. dep
    3- and you must know all changing in the current assets and curent liab. so and so.....
    4- becurefull to signigicant item like converting land to common stock
    with my best weshes

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