BUS 321 Lecture Notes - Lecture 22: Financial Instrument, Deferred Tax, Promissory Note

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 321
• Professor: simonsuwanyangyuan

Document Summary

What is cash: cash is defined as cash on hand and demand deposits, cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and have an insignificant risk of change in value. Teaching notes: bus 321 d200 summer 2017 page 1 / 7. Comparative statement of financial position: indicates the amount of the changes in assets, liabilities, and equities during the period. Information in this statement is used in determining the cash provided by operations during the period. Additional detailed information needed to determine how cash was provided or used during the period. 4 steps preparing the statement of cash flows. Record information from the income statement on the statement of cash flows. Analyze the change in each statement of financial position account, identify any cash flows associated with a change in the account balance, and record the effect on the statement of cash flows. Complete the statement of cash flows for each activity.