NFP Statement of Cash Flows

Free CPA FAR (Financial Accounting & Reporting) lesson in Financial Reporting. 12 min read, ~1,860 words.

Same three sections as for-profit: Operating, Investing, Financing; every cash receipt or payment lands in exactly one. Indirect method starts with change in total net assets (not net income or the unrestricted change alone); direct method is also acceptable but still requires a reconciliation to operating cash. Donor cash restricted...