[IICA Independent Director] 20, Why Profit Is Not Cash
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * How accounting profit under the Companies Act differs from cash liquidity due to accrual accounting principles. * How to trace working capital changes and non-cash charges to reconcile net profit with operating cash flow. * How to classify basic cash movements…
The skinny
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