Putting financial statements together. Which FSLI in the cash flow statement would you show written-off investments?

like
Posting as :
works at
You are currently posting as works at

Write offs are expensed, it would show up on the income statement and balance sheet, not cash flow.

uplifting

If it's just a write off, isn't it a non-cash reconciling item? It wouldn't be grouped in the FSLIs

Since the write off reduced net income wouldn’t you need to add back the reduction in the asset to arrive at cash flows? Are you asking which cash flow category?

If you add it back under cash flows from investing activities you would understate operating cash flow and overstate investing cash flows. So I would opt to add the write off back to operating cash flows similar to how you treat depreciation expense.

Related Posts

where is the best place to sell or trade in my used car? (2019 van low km’s)

like

Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

Post Photo
like

Finally have built up an emergency fund after 2 years of working! I’m looking to move most of it to a high yield savings account (and then start investing, woohoo) but not sure which is the best one or if certain ones have better services etc. I’m looking at Marcus just because it seems to have the best rates right now but any info helps! TIA

like

Hi folks. Looking to buy my first car. We looked at Mazda CX 5/50,Kia Sportage and Sorento and Hyundai Santa Fe. I love the new Sportage. Any downsides of owning Kia and can anyone share their exp.

like

Anyone buy storm? I almost bought in the ICO at $.02 /coin, now up to $0.18.. curious if anyone is HODLING also if anyone had a target for it

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

like

Hello fishes, can we buy land/plot to save long term capital gain tax?

The market is down. Are you buying anything today?

like

My fiancé and I (ages 30 and 31) are about to buy a house. We would put down 10% for a 835k purchase price. Our combined income is $265k. We both have around 7-10k left in emergency funds (each) and combined about 200k for retirement. Our mortgage is $4,500 a month and we split a car payment for $800. Is this an okay financial decision or should we have bought a cheaper house/saved more?

likehelpful

I am a traditional reservist so I never really used military benefits before, but could use advice here.

I am currently renting and my lease is not up until October 2021, however I found a good deal on a home and scheduled to close in June 2021.

My landlord will not work with me to end the lease early, so it looks like I will have to double up on rent and mortgage through the summer.

If I went on active duty orders, can I use those orders to break my lease early without penalty?

like

Is crypto dead? Anyone still making profits recently?

like

For all you money people, which platform is the best (user friendly and lowest fees) for trading among: trade station, interactive brokers, td, fidelity, eTrade, or schwab? Does how much $ you’re playing with make a difference in choosing?

Anyone have a good tax person in Philly

like

How to save tax for the money from freelance work? As i already have a full time job.

like

Is this an aggressive position? Would you use final regulations effective for tax year beggining Dec 16, 2020 to support a deduction for calendar tax year 2020? Proposed regulations didn't include this exception. More details below.

Is there an investment fund or group that anyone knows of? I heard of Fundraiser but it seems very convoluted. Looking for an investment group or development group to invest with

like

Any idea what will happen to the classic car market as a result of the war in the Ukraine? Are prices going to come down or will classic cars be considered “safe” investments during this time of crisis?

Obviously all speculation, just curious what others are anticipating or have experienced.

(I am fully aware that this is not the most pressing issue, so don’t jump on me for posing the question.)

like

Anyone got a loan with Guaranteed Rate? Started looking for a condo(Chicago) and keep seeing them pop up. Looks like they charge $1290 lender fee, but wanted to see if anyone had experience with them

like

At what investment size should you typically start using fee only financial advisors?

like

More Posts

I have a question on 401k loans. How is the principal repayment reinvested? Monthly? When the loan is fully paid? Do they cash out that portion of my investments or just use then as collateral?

like

Consortium applicants: Can you apply to different schools in different rounds? Eg. Three schools in Round 1 Two schools in Round 2

like

Hey! I’m wondering how would it be to be a dentist in Italy. If anyone knows… I’m considering studying that there 🙏🏻☘️

like

Hi Guys, Help me with an expected salary

I have 5 years of Experience with Technology's Java, Spring Boot, Micro Services and Hibernate.
my current CTC is 12.8 LPA.

How much can I expect? please suggest.

like

Need referral, SAP consulting profile

like

Dear associates,
I have 28 Lpa fixed + 70k variable in Cognizant, how much I will get in hand monthly after tax deductions?

like

Fishes, has anyone joined recently in Wells Fargo Bangalore? I have some queries about relocation allowance. Please help.

Wells Fargo

like

American airlines is so dumb. Was trying to purchase MCE seats for a long-haul. You can’t
purchase it online after check-in. And they can’t uncheck you over the phone. Good thing I fly Delta!

like

My baby got stolen was barley in beginning stages of building her not sure but I think it hurt more than my divorce not sure what that says about me

Post Photo
like

Taking my REG retake in one week. Got a 71 the last time. I purchased ninja and was planning on drilling MCQ, sims, and reading ninja notes for the next week. Do you guys think this will be sufficient?

like

My fear of being ghosted has become a self fulfilling prophecy. Everytime I like someone, I have panic attacks when I don't hear from them for a few days. How do I stop this cycle?

like

What's the best way to switch from sales to completely marketing domain? Have been taking up product marketing initiatives and content management as secondary KRAs to develop a base(My primary KRA is business development). Can someone suggest how we can go about the switch and how can we show value to recruiters when switching jobs?

like

Hello Fishes,

I have 10 years of experience in "Market Research Profile". Do let me know if anyone Knows any openings for the same in your organization.

Thanks

like

Has anyone recently joined pepsico?How many days a week is mandatory to go to office? How is the work culture and flexibility? Is it really worth joining pepsico?

like

Just found out I will be taking two depositions in the near future. These are not key witnesses but I am still nervous. I’ve only been licensed since October of last year and still feel like I have no clue what I’m doing half the time. Any deposition tips?

like

First year litigator still waiting for that summer slowdown everyone keeps talking about….at this point I could take 2 months off and still hit the billable target. I was told there would be “ebbs and flows” but this has just been a 9 month barrage with no end in sight

likehelpful

Hey Fishes, I'm looking for functional lead roles with 10 yoe. I'm able to join in 20 days. Any leads would be appreciated 😊😊

like

How much job grade 105 is getting paid now? Started working at cvs as pharmacy Tech 2 years ago! I’m thinking of leaving because not much upgrade and No promotions!

like

I’ve taken FAR a few times at this point. I got two 74s and this past one I got a 70. I felt like the last exam (which was a few weeks ago) was extremely harder than the other ones. Has anyone else noticed the exam getting extremely tough? Or do you think I just got a one off?

like

Additional Posts in Accounting

Currently in IT audit, want to get into consulting. Worth it to wait until senior? Biased since I want to get out, but I feel the skills aren’t transferable and don’t want to be pigeonholed into risk

helpfullike

Working from home because I’m sick, but feeling too sick to work. How do you charge time when you are clearly being less efficient/effective?

like

Do you guys think their crunch time is just as bad as busy season?

Post Photo
like

Is non profit tax and other tax exempt work such as pension trusts, private foundations, etc. considered a specialty tax line? What’s the outlook of this field and opportunities outside of PA?

like

Y'all leaving upper deckers in the toilet stalls need re-examine your life. How can it be so tricky to hit a12inch hole while sitting down? Bathroom is out of commission thanks to a serial squatter.

like

Is it possible to get promoted twice in one year in PA? Someone at work said it happens sometimes but I haven’t heard of it. Ever heard of this occurring?

like

Is CMA worth getting after getting the CPA? Or is it better to get the CFA. Also don’t have much finance background so I don’t know if I can pass the CFA will require a lot of hard work. Interesting in hearing people’s thoughts.

I have no plans in leaving PA anytime soon but I figure maybe I should look into another certification that holds value and makes me more marketable compared to my peers. Appreciate any thoughts and advice.

- Also considering going to a t14 MBA in future.

like

Started eating healthy and going to the gym two days ago and already lost 5 lbs. was this the secret to being skinny all along?

like

Hey KPMG how is life in the FRM advisory? Got a job offer from them

like

So excited to be putting in my notice next week!

like

EY rejected me and emailed me again after 2 months for a Audit opening. Are they playing with my feelings?

likefunny

Ugh got another “adequate contributor” review. Feedback says I have potential/good work-ethic but not a good of understanding of procedures and auditing. Been in PA for 6 months. How do I improve?

like

Looking for a good personal finance or similar book to read. Any suggestions?

like

Is $170k as M3 FSO Advisory NYC EY at par with other Big 4 firms?

like

What are raise amounts or percentages per year?

like

Gotta love leadership emails saying remember to take care of yourself! And teams are working 12+ hour days

likefunnysmart

What’s the deal with work phones at KPMG? Coming from Deloitte where work phones are given.

likehelpful

Any one uses iPad or iPad Pro for work? Wondering if would be worth while giving canvas now available in iOS. TIA

like

Can someone tell me where should I put my money, Roth or traditional? Should I also contribute to hsa? How do I max out all contributions and benefits?

like

General Perceptions of firms: KPMG - big party-ers Deloitte- a little snobby PwC - arrogant, everything is a competition EY - nothing of note, just there.. What'd I get wrong/right?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal