Statement of Cash Flows: Reporting and Analysis
Field of Study:
A statement of cash flows is required as part of a full set of financial statements. It must be prepared in conformity with generally accepted accounting principles (GAAP). The statement is not required if the financial statements are prepared on a basis of accounting other than GAAP. The statement must be included in both annual and interim financial statements. This course discusses the requirements of ASC 230, Statement of Cash Flows (ASC 230-10-45-18 and 45-27).
After completing this course you will be able to:
- Recognize the use of and the objectives for a statement of cash flows.
- Identify between operating, investing, and financing activities, and how different cash variables will affect the statement of cash flows.
- Identify differences in the preparation of the statement of cash flows using the direct method vs. the indirect method.
- Recognize and calculate how changes and transactions in asset and debt accounts affect the cash flows of a company.
- Recognize the cash flow issues addressed by ASU 2016-15, Statement of Cash Flows (Topic 230).
Basic to Intermediate
Type of delivery method:
Recommended CPE credits:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and final examination.
Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org