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BJA


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Cash flows
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What is the difference between the investing and financing activities in the statement of cash flows?

What is really confusing me is that for example shares and debentures are under both sections....How do I decide where it belongs to?

There must be some sort of subtle difference that is not mentioned in my text book.

Any ideas?

Thank you.

BJ



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Shamus


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Hi BJ,

Cashflows were my real bugbear and whilst I could give you a succinct answer to that I'll give you the same one that I gave Neil (Spamkebab) in that you NEED to watch the opentuition webcast for paper P2 on cashflow statements.

When yoiu come out the other side it will be as though a curtain has been lifted.

Here are the links :

http://opentuition.com/acca/p2/p2-chapter-13-ias-7-cash-flow-part-1/

http://opentuition.com/acca/p2/p2-chapter-13-ias-7-cash-flow-part-2-examples-1-and-2/

http://opentuition.com/acca/p2/p2-chapter-13-ias-7-cash-flow-example-3/

http://opentuition.com/acca/p2/p2-chapter-13-ias-7-cash-flow-example-4/

Trust me when I say that giving you the short answer wouldn't be doing you any favours and watching those four (quite short) online lectures will be the best time you could possibly invest in Cashflow statements and save you so much timeand anguish later.

By the way, Opentuition is free to join and you will need to in order to download the accompanying notes but you don't need to be a member to watch the lectures.

As an aside, the lecturer is great and on occassion very funny and never short of the odd anacdote.

I'm currently spending a happy bank holiday Monday watching the advanced performance management lectures (paper P5) although I set myself a limit of one hour study, one hour off and so on otherwise I get study fatigue and it stops sinking in.

Have fun with the above lectures, they really are very, very good.

kind regards,

Shaun.

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BJA


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Shaun,

Thank you. Will watch those. I have the notes, but I have not been looking at the videos.

My exam is on Friday, I am terrified. Have not had time to do the long questions, so feeling pretty guilty on top of that...

I just want the F3 behind me.

Good luck with your studying. When is your exam?

BJ



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Shamus


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Actually, just found Neils thread here :

http://www.book-keepers.org.uk/t47884932/statement-of-cashflows/

And towards the end there was a rather nice comment that after watching the lectures learning had become fun again.

Maybe best you read that other thread before watching the lectures as I think that Neil was go9ng through exactly what you are now.

I think that you need that BJ as I know that the study for the last paper knocked you about a bit and you were even questioning continueing for a while.

Have a read of that thread, watch the lectures and then welcome back to enjoying financial accountancy studies.

A great man (Albert Einstein) once wrote that study was about lighting a fire, it was not about filling an empty vessel.

All the best,

Shaun.

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Shaun

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Shamus


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Hi BJ,

it's P2 in June,

I'm just studying P5 for light relief from financial accountancy (how sad is that that I also study just for fun!!!!).

The lectures won't take you long but with only three days to go it might be down to the percentages game.

You know that there will be questions about group accounts but whilst there may be questions about cashflow statements how many points would you lose by not studying it in any depth.

Watch at least the first two of those lectures which will take only 45 minutes but then concentrate on group accounts rather than group cashflows and make sure that you know those first five workings inside out and upside down.

In the exam do all of the questions that you can do and then go back and attempt those that give you difficulty rather than losing too many points by not getting to the questions that you would find easy because your pulling your hair out over those where you would have done just as well putting a pin in the answer sheet.

You just need to get through this one and then your onto the real qualification and the question style that you will enjoy.

Good luck BJ,

kind regards,

Shaun.



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Shaun

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BJA


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Shaun,

Thanks.

I have been doing the mocks between 80-90, but in the new  BPP practice and revision, there are two chapters on full Income statement + Cash Flows + SOFP. Each example/exercise on at least two pages.

And I understand that I have to be able to do the statements in full (for the exam - in ideal world), but I had to concentrate (time pressure) on the short questions from revison kit and CD.

Oh well. I'll see on Friday.

Take care for now. Off to watch the videos.

Good luck with studying.

BJ



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BJA


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RE: Cash flows - Shaun
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Shaun,

Thank you for the links.

Watched all the videos now. They are so helpful, I wish I have done that sooner.

Really appreciate your help.

Hope you are progressing OK with your study.

BJ

 



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kjmcculloch83


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RE: Cash flows
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I'm cursing you Shaun. I have my final exam for my HNC tonight, and loads to do and all I've done all day is watch these videos. GRRRRR!

Cheers for that.

Kris

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Shamus


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But think how prepared you'll be Kris if a cashflow question comes up biggrin

Good luck in the exam matey but I'm sure that you won't need it.



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Shaun

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kjmcculloch83


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I'm at the point now Shaun, if I don't know it then too late. I'm just praying for a partnership as opposed to a limited company because for some reason the appropriation account of the limited company keeps slipping out of my memory.

Ah well, I'm hoping when I sit down it all comes flooding back.

Cheers,

Kris

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Shamus


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You would be surprised how often it does come back.

One of my best scores ever in an exam was one that I went into thinking that I had studied so much that I couldn't remember anything.

Opened the paper and whoosh, back it comes with a vengeance.

Hope you have a similar experience tonight... Although hope you actually get to finish the exam rather than my usual where the invigilator is generally trying to beat me off it so that he can prise my answer paper out of my fingers.

Normally the very last thing that I write in any paper is a message to the marker saying "sorry, ran out of time".... Doesn't get me a pass but it just seems polite and also maybe one day if enough people say that the ACCA will catch on and move the professional level papers from 3 to 4 hours.

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Shaun

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BJA


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Shaun, I get the opposite, as soon as the exam starts, I can't remember anything. Panicking now. BJ

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BJA


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Kris, I hope it goes well. BJ

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Shamus


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BJA wrote:

Shaun, I get the opposite, as soon as the exam starts, I can't remember anything. Panicking now. BJ

Hi BJ,

Thats pure nerves.

I know people who suffer extreme versions of that where they even seem to get stuck on the bit where you put your name on the front of the exam paper.

In one exam I actually saw someone open the paper then promptly burst into tears and have to be escorted from the hall.

The only cure for nerves seems to be to keep sitting exams under exam conditions on the run up to the real thing.

Unfortunately with F3 you have really restricted resources available to you where from the next paper forwards you are going to have at least ten of each paper to go at.

If F7 wasn't such a different format I would suggest you doing a few of that one to get through the nerves.

Available papers aside, on the day if you really do go fully blank then you need to either slow yourself down through mild tiredness (don't stay up all night but think about getting to the centre with a deck of index cards very early in the morning) or speed yourself up through red bull / coffee / pro plus (one of, not all!!!!). Only one way around will work for you and if you get the wrong one your buggered (technical term).

Really keeping my fingers crossed for you and Kris... Which is why I'm making so many spelling mistakes!

kind regards,

Shaun.



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Shaun

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kjmcculloch83


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Just off out the door, I'll let you know if it was just nerves Shaun, or if I wasn't prepared.

Kris

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Shamus


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Good luck matey,

talk later.

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Shaun

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Wella


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Just to add my best wishes for your exam

Bill



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woody88


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Wishing you luck too Kris,

Let us know how it goes...

Ben



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Rhianrach


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Yeah good luck Kris, I bet you'll ace it.

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Steve
kjmcculloch83


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Well, just out. I took my full 3 hours and was getting ushered out. It was partnership...woohoo. I think I did not too bad, we'll see. They said they'd try to mark them this week. I don't think I got an * but I could be surprised. Thanks for all the well wishing. Kris

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Don Tax


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Good luck, Kris.

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Shamus


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Fingers crossed Kris (but sure that it will be good news).

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Shaun

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kjmcculloch83


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Well, provisional good news. Barring any external examinations which may change my mark I got an A for my HNC. HND here I come.

Kris

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Shamus


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congratulations Kris, knew that you would do it.

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Shaun

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Rhianrach


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Well done Kris.

Got mine today, I won't be expecting an A though smile



-- Edited by Rhianrach on Thursday 17th of May 2012 07:45:56 AM

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