INTERMEDIATE
ACCOUNTING
Seventh Canadian Edition
KIESO, WEYGANDT, WARFIELD, YOUNG, WIECEK
Prepared by:
Gabriela H. Schneider, CMA
Northern Alberta Institute of Technology
Appendix 23A
Use of a Work Sheet
Learning Objectives
9.
Use a work sheet to prepare a statement of
cash flows.
Using a Work Sheet
•
•
Aid in statement preparation
Useful when
–
–
Many adjustments required; or
Complex cash flow calculations required
Using a Work Sheet
Guidelines for using the work sheet
1. Balance Sheet section – list debit balances
separately from credit balances, regardless
of the type of account
2. Bottom half of the work sheet is for
statement data – cash outflows and inflows
3. Amounts entered on the work sheet are not
journal entries
Work Sheet Format
Balance Sheet Accounts
Debit balance accounts
Totals
Credit balance accounts
Totals
Cash Flows
Operating Activities
Net income
Net loss
Adjustments
Investing Activities
Receipts (dr.)
Payments (cr.)
Financing Activities
Receipts (dr.)
Payments (cr.)
Totals
Increase (decrease) in cash
Totals
End of Last
Year Balances
XX
XX
XX
XX
XX
XX
Reconciling Items
Debits
Credits
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
(XX)
XX
XX
XX
XX
XX
End of Current
Year Balances
XX
XX
XX
XX
XX
XX
Preparing the Work Sheet
1. Enter beginning and ending balance sheet
balances
2. Enter debits and credits from the summary
entries that explain changes in each
account
3. Those entries that affect cash are then
entered onto the bottom of the work sheet
4. Enter the increase/decrease in the cash
balance on the cash line (or lines) at the
bottom of the work sheet
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Copyright © 2005 John Wiley & Sons Canada, Ltd.
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