Ever teach the statement of cash flows–indirect method?  Have you had that class going along with you, they are really getting it … … and then it just becomes overload on the adjustments and you lose them??  Check out this link. It is hilarious. Michael Granof here at UT shared this with me this a.m.  It’s a classic….

http://www.ritholtz.com/blog/2009/08/who-said-creative-accounting-is-dead/