In short, this is an introductory course with no prior accounting knowledge necessary. And, with that said, we have designed this cash flow analysis course to be self-contained and we carefully explain any terminology that we use. Having a good understanding of your current. Now, before taking this cash flow analysis course, you might consider taking our accounting fundamentals course Among other things that course introduces you to all three financial statements: the balance sheet, the income statement, and the statement of cash flows. Many factories that go out of business often fail because they do not have enough cash to pay for their expenses. Ideally, your business has a steady stream of. And we will tell you about a company that is poised to break the world's record for amount of operating cash flow generated in one year. Cash flow refers to the amount of cash flowing in and out of your business over a specific period of time. A cash flow statement might not tell the whole story of a company’s financial situation, but as a track record of income and expenditure, it is the most immediate measure of the health of the business at any given time. To show you how important cash flow is, we will take a look at the cash flow numbers for home Depot back in 1985 and see that the company's cash burn rate had placed them just three weeks from death because of cash flow problems. In the corporate world, cash flow essentially means the fluctuations in the amount of money that an organization actually has. We will learn what a cash cow is and where we give you a look at the famous Jim Stice Operating Cash Flow Matrix. We will take a detailed look at that most wonderful of all financial statements, the statement of cash flows. In this course, we will discuss the basics of cash flow analysis. I'm also a professor of accounting at Brigham Young University. Hi, I'm Kay Stice, I'm a professor of accounting at Brigham Young University. A company can't live very long when it doesn't properly manage its cash flow to be able to repay its loans, pay its employees, pay it suppliers and pay its taxes.
Suppliers are paid with cash, taxes are paid with cash. Loans are repaid with cash, employees are paid with cash. Many good businesses have died a premature death because they didn't properly manage their cash flow.
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