Learning Week Five Reflection Summary

University of Phoenix

Principles of Accounting II - ACC 291

Learning Team C Week Five Reflection Summary

Learning Team C agree that Weeks Four and Five were much easier to understand as the accounting concepts were explained and applications started feeding into each other. Here are some of the things the team learned on the objectives listed:

Prepare a statement of cash flows using both direct and indirect methods.

Direct and indirect for statement of cash flows can be tricky, learning team c finds the direct method to be easier to understand and use than the indirect method. The team thinks that the direct method makes more sense because there are fewer variables, or categories. Regardless the team believes the...