1. Describe the statement of cash flows, and define cash and cash equivalents.
2. State the principal purposes and uses of the statement of cash flows.
3. Identify the principal components of the classifications of cash flows, and state the significance of noncash investing and financing transactions.
4. Analyze the statement of cash flows.
5. Use the indirect method to determine cash flows from operating activities.
6. Determine cash flows from investing activities and financing activities.
7. Use the indirect method to prepare a statement of cash flows.
8. Prepare a work sheet for the statement of cash flows.
9. Use the direct method to determine cash flows from operating activities and prepare a statement of cash flows.