Academy Page 22

Technical insights and deep-dives in Academy.

Magazine / Academy

Ch4. The Cash Flow Statement — Why Profit and Cash Are Not the Same Thing

May 12, 2026 · OIYO Editorial

The three-section structure of the cash flow statement (operating, investing, and financing activities), the direct and indirect methods, free cash flow (FCF), and the difference between profit and cash — the fourth lecture in the Accounting Basics series.

Magazine / Academy

Ch4. The Income Approach — Direct Capitalization and DCF

May 12, 2026 · OIYO Editorial

The logic of the Income Approach, NOI derivation, direct capitalization, cap rate selection methods, and discounted cash flow analysis — Lecture 4 of the Appraisal Theory Fundamentals series.