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PART B: AUDIOVISUAL PRESENTATION Each group will record a song, poem, skit, rap, deejay, or other appropriate creative form of audiovisual presentation covering all of
PART B: AUDIOVISUAL PRESENTATION Each group will record a song, poem, skit, rap, deejay, or other appropriate creative form of audiovisual presentation covering all of the following requirements: a) Explain, using examples, the difference between cash and profit; b) Discuss the usefulness of the statement of cash flows to the users of financial statements; c) Explain, using examples, the difference between cash flow statements prepared using the direct method versus the indirect method; d) Explain the information provided by each of the key sections of the cash flow statements, i.e. operating, investing, and financing; e) Explain how negative cash flows may possibly be a positive indicator for businesses; 1) Justify. with supporting arguments, whether you believe cash is more important to a business than prots (or vice versa). , 5
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