What is the difference between the direct and indirect cash flow statement methods? - Universal CPA Review

Direct vs. Indirect Cash Flow Statements | CFA Level 1

SOLVED: Describe the methodology, similarities, and the differencesbetween the direct and indirect methods of preparing the statementof cash flows Be sure to explain the major cash flow categories ofoperating, investing, and financing activities, and provide atleast two examples of each activity. Then, describe therelationship between the beginning cash balance and the ending cashbalance for the current period. Lastly, explain the reasons why onemethod (direct or indirect) is most often used by