current vs capital vs financial account

[Enlighten_me]

Hi! Ive thought of remembering the different types of account through relating them to different cash flows statements (CFO, CFI,CFF) as they seem similar but it doesnt seem to effective. I find the definitions the accounts unclear when they seem like they are suppose to overlap. Anyone has a hack to differentiate each of the accounts? Care to share

 

[MagicHat]

Distinctly different topics. I would either learn them separately, or nail down the cash flow statements and then memorize how the balance of trade accounts differ.

 

[Enlighten_me]

MagicHat wrote:
Distinctly different topics. I would either learn them separately, or nail down the cash flow statements and then memorize how the balance of trade accounts differ.

Yes they are different. I did learn the cash flow statements if not atleast 80%. As for the trade accounts, memorizing won’t be of much help when it comes to identifying where the transactions fall into.