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Started By
Message
I seek accounting assistance from the MT gurus
Posted on 6/11/11 at 12:11 pm
Posted on 6/11/11 at 12:11 pm
So, I have been tasked with creating a statement of cash flows, which is something that I haven't done in at least 3 years. I was provided with year end balance sheets from 08 and 09, as well as quarterly P&L statements from 09. I've been instructed to "create a detailed cash flow statement using the indirect method for the period January 1, 2009 to December 31, 2010". Am I missing something here? How can I do 2010 without creating pro forma financial statements?
4
Posted on 6/11/11 at 12:16 pm to TulaneTigerFan
Wouldn't you need the 2010 year end numbers? 
Posted on 6/11/11 at 12:21 pm to TulaneTigerFan
What he said ^
Posted on 6/11/11 at 12:22 pm to lynxcat
I don't see how I wouldn't. I'm thinking it's some kind of mistake, either a typo or they didn't send the full amount of data. I was afraid to ask though for fear of looking like an idiot.
Posted on 6/11/11 at 12:26 pm to TulaneTigerFan
Just ask them if they forgot to attach the 2010 trial balance, and if they reply "why would you need that?", you're in trouble. 
Posted on 6/11/11 at 12:28 pm to sneakytiger
This is for a job interview at a PE firm. The other people who work there are all CFAs with the exception of their CFO who is a CPA, so I'm a little intimidated and trying to tread lightly.
Posted on 6/11/11 at 12:47 pm to TulaneTigerFan
They must have meant dec 31 2009.
Posted on 6/11/11 at 12:53 pm to reb13
That. 1/1/09-12/31/10 is 2 years, doubt that's what they're looking for.
Posted on 6/11/11 at 1:44 pm to TulaneTigerFan
The correct answer is to lean forward and whisper "How do you want it to read?"
Posted on 6/11/11 at 2:07 pm to TulaneTigerFan
quote:Given the info you have, someone meant to say "to December 31, 2009."
January 1, 2009 to December 31, 2010"
No other way it could be.
Posted on 6/11/11 at 2:10 pm to TulaneTigerFan
quote:Maybe they are just testing you to see if you can figure it out that they are asking for something impossible to do. That might be the real purpose.
so I'm a little intimidated and trying to tread lightly.
BTW, I didn't read through the entire thread before I gave you my first reply above, which was redundant because the same answer was obviously already given by other posters.
Posted on 6/11/11 at 3:14 pm to LSURussian
quote:
Maybe they are just testing you to see if you can figure it out that they are asking for something impossible to do. That might be the real purpose
when i heard this was an interview, i figured that may be their angle
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