Statement of Cash Flows: Advanced Issues

While often overlooked, the statement of cash flows is perhaps the most important financial statement! Proper presentation begins with understanding what qualifies as cash and cash equivalents (and what does not) and how to classify cash flows into operating, investing, or financing activities. In this statement of cash flows CPE course, we’ll refresh these important concepts of the statement of cash flows, which is governed by ASC 230. After that, you'll dive deeper into some of the common implementation issues when preparing a statement of cash flows. This includes topics such as classification, industry-specific considerations, the impact of business combinations on the statement of cash flows, foreign currency and the statement of cash flows, and more!

Topics covered include: 

• Cash flows with multiple attributes
• Cash flow considerations for receivables
• Cash flow considerations for investments in debt and equity securities
• Cash flows related to the issuance and repayment of debt
• Business combinations and the statement of cash flows
• Foreign currency and the statement of cash flows

If you are involved in preparing or auditing the statement of cash flows, this statement of cash flows CPE course is an absolute must. Avoid the common pitfalls of preparation and sharpen your classification skills today!

Interested in group discounts for your team? Contact us to learn more. 

By the end of this course, you should be able to:

• Recall the related requirements for preparing a statement of cash flows
• Select the appropriate classification for transactions within the statement of cash flows
• Recall the impacts of specific types of transactions on the statement of cash flows