ASC 230: Statement of Cash Flows

The statement of cash flows is one of the financial statements investors care about most - after all, cash is king. Yet it often does not receive the same attention as the balance sheet or income statement. Our ASC 230 CPE courses provide practical training on preparing and evaluating the statement of cash flows under U.S. GAAP.

This collection includes two self-study courses eligible for 2.5 CPE credits. The courses explain what qualifies as cash and cash equivalents and how cash flows should be classified as operating, investing, or financing. They also address common cash flow statement issues involving investments, debt, business combinations, and foreign currency.

Topics covered include:

• Cash and cash equivalents
• Operating, investing, and financing cash flows
• Classification of common cash receipts and payments
• Cash flow considerations for investments and debt
• Business combination cash flow issues
• Foreign currency considerations in the statement of cash flows

Further details

The collection starts with the building blocks of ASC 230, Statement of Cash Flows: what qualifies as cash and cash equivalents and how cash receipts and payments are classified as operating, investing, or financing activities. Those classification decisions sound simple until a transaction contains multiple features or does not fit neatly into one category, which is why the courses emphasize the reasoning behind the classification rather than rote memorization.

The training then applies the model to transactions that commonly create cash-flow-statement questions, including investments, debt arrangements, business combinations, and foreign currency. Learners see how the underlying balance-sheet and income-statement accounting connects to the cash flow presentation and where noncash activity or complex transactions can complicate that connection.

The practical goal is a cash flow statement that tells a coherent story about where cash came from and where it went - not a statement assembled at the end of the reporting process as an afterthought.

Who will benefit

These courses are designed for accountants and financial reporting professionals who prepare statements of cash flows, as well as auditors and reviewers responsible for evaluating cash-flow classifications and disclosures. They are particularly useful for teams that encounter recurring questions involving debt, investments, acquisitions, foreign currency, or other transactions that make ASC 230 more difficult than it first appears.

Value proposition

Purchase both courses for $209 instead of $300 if purchased separately—a savings of $91.

Interested in group discounts? Contact us today to learn more.