Cash Flow Reporting Principles
Author: Kelen Camehl
| CPE Credit: |
2 hours for CPAs |
This on-demand course provides an overview of cash flow reporting principles, including the objectives of the statement of cash flows and the various sections included within the statement. Additionally, this course provides information on various methods in which a statement of cash flows is prepared, along with the classification of certain types of cash transactions. Finally, the course describes certain disclosures requirements with respect to an entity’s preparation of its statement of cash flows.
Presented by Miles Hutchinson.
Publication Date: January 2019
Designed For
CPAs and accounting professionals
Topics Covered
- An introduction to cash flow reporting principles
- Impacts of recent ASUs
- Investing activities
- Financing activities
- Operating activities
- Direct vs. Indirect Method
- Disclosures
- Review of an indirect method example
Learning Objectives
- Recognize frequent areas where the SEC provides comment letters to public filers
- Identify the types of entities that are required to prepare a statement of cash flows
- List the different methods used for cash flow presentation
- Differentiate between operating, investing, and financing activities
- Recognize certain cash flow activities where multiple classifications may be necessary
- Identify the disclosure requirements with respect to an entity's statement of cash flows
- Recognize new cash flow requirements through the FASB's proposed ASU
- ASC 230
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
