Bookkeeping

Under the indirect method, the figures required for the calculation are obtained from information in the company’s profit and loss account and balance sheet. Using the indirect method, calculate net cash flow from operating activities (CFO) from the following information. However, the cash flows relating to such transactions are cash flows from investing activities. Indirect […]

Operating expenses are your employees’ salaries and the amount spent on equipment and supplies. The below glimpse is taken from the same financial report of the Code for Science & Society that we shared earlier. The first and most desired financial statement is the Statement of Financial Position. Nonprofits use this statement to share what […]