Income And Cash Flow Statements

This is from an earlier version of the course. A quiz like this was handed out every day until you passed. It is a drill and kill approach but it works. Be sure to look at the links to the past quizzes and the videos at the bottom of the page.

Below you will find a video introduction to this essential question and some examples of the kinds of questions that have been asked in the past.

Suggestions for how to pass

While this looks like the most complicated of the essential questions, it isn't that bad. There are only so many things we can do in a problem:

  • Increase/Decrease Cost and Revenue
  • Buy and sell an asset where you have to depreciate the asset and calculate gains tax
  • Take out and repay a loan
  • Make changes to working capital.

All of these have separate videos on this page, except the first, which you did in essential question one. There is no set number of right and wrong cells for a pass. We are checking that you can do these basic things and not screw up the sign conventions.

Quick Keys

You can find some selected answer keys in video form in this youtube playlist, but all the answer keys are shown below. Q4 Archive

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