Statement of Cash Flows: Overview of ASC 230
Description
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 start with a high-level overview of the statement of cash flows, including why it is such an important statement to investors. Yet, it is also one of the very last statements to be prepared before financial statements are issued. Next, you learn the definition of cash and cash equivalents and how that impacts the statement of cash flows. After that, you explore how the statement of cash flows is prepared, including the two methods of preparation. Finally, you learn about classifying cash flows as operating, investing, or financing in the statement of cash flows.
Topics covered include:
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!
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Learning Objectives
By the end of this course, you should be able to:
- Recognize the difference between cash, cash equivalents, restricted cash, restricted cash equivalents and other types of investments
- Recall the related requirements for preparing a statement of cash flows
- Select the appropriate classification for transactions within the statement of cash flows
Additional Information
| Last Updated | 02/01/2025 |
|---|---|
| CPE Credit | 1 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$120
1h 00m
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