Chapter 12 : What are the objectives of the statement of cash flows Financing and Investing activities , what items are under each and how to calculate net cash provided or used in these sections Reporting non - cash transactions on the statement of cash flows , The difference between the direct and indirect method cash flow statemen Indirect method Operating Activities , what items adjust Net Income and in which direction Direct method , Computing operating cash flows by the direct method for collection from customers and payments to suppliers etc