WarrenB1

In exam it is unlikely to be asked to make cash flow statement by direct or indirect method. Just remember the flow of direct and indirect method. Practise well on calculating cash collected from customers or cash paid to suppliers. Curriculum has explained well the methodology to calculate cash.

Make a table of accounting treatements of cash flows from both USGAAP and IFRS. Like in USGAAP apart from dividends paid, other things, come under operating activities. Dividends paid come under financing activities.

Sometimes the ratios are also tested which are given in the 2nd last LOS of the chapter also memorize those 1,2 questions are likely to be tested from there.

Read the chapter in chunks it would be easy for you to retain it then.