You are a new senior accountant at Shaggy$$s Surfboards in Pismo Beach, California. Shaggy$$s Surfboards is less than five years old as a company. Up to this point, the management team has been focused on providing world$-$class product development and customer service while not developing a strong understanding of financial statements. Because of this, your supervisor, the CFO, has asked you to create a presentation on methods of cash flow reporting and the overall role of cash flow within financial statements, which will be shared with the management team.

The skills practiced in this presentation will help to support your work in Project Two, where you will describe which parts of the cash flow statement would apply to the financials in a company expansion.

Directions

Using the template provided in the What to Submit section, create a PowerPoint presentation that explains the role of cash flow within financial statements and compares methods of cash flow reporting.

Specifically, you must address the following rubric criteria:

Explain the role of cash flow in the company$$s financial statements.

Determine the uses and application of the statement of cash flows within the company.

Compare the direct and indirect methods of preparing cash flow statements including examples of each method.

Explain what the statement of cash flow indicates about the financial health of the company. Consider the following in your response:

Cash flow versus profit

Ability to meet obligations

Efficiency of operations

Investment and growth potential