Joined: 30 Mar 2010 Location: United States
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Posted: 13 Aug 2010 at 15:21 | IP Logged
Woah! I can't believe people are saying to skip it. I think it is possibly the most important topic on the test. If you understand cash flows then you are good for the test. Meaning it
helps you with other problems(e.g. cash to accrual, accrual to cash). If you know the how cash flows work it may help you with a lot of problems on the actual exam(I know it helped me
out!!). However, it's important that you know your governmental and not-for-profit as well. Those are easy points!! Good-luck and you will be fine.
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Joined: 19 May 2010 Location: United States
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Posted: 13 Aug 2010 at 16:11 | IP Logged
LOL. I don't think we meant to skip the cash flow statement. I was just stating that if you had to pick government/NFP or cashflows, you should study government/NFP since its a huge part of the exam.
Obviously the cash flow statement is important, and I would never skip it.
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Topic: How important is the Cash Flow Statement?
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