There is a renewed interest in the Statement of Cash Flows. In the past 10 years, over 30% of restated financial statements were due to errors in the statement. The SEC has focused on it. Peer reviewers are noting problems, and the FASB has begun a project on it. This course focuses on where the problems are and where there is diversity in practice.
DESIGNED FOR
CPAs in public and private practice
BENEFITS
- To gain the ability to critically read a\the statement of cash flows
- To learn how to properly distinguish between operating, investing, and financing cash flows
- To learn the importance of disclosing non-cash transactions
HIGHLIGHTS
- The format of the Statement of Cash Flows
- How to identify cash flows from accrual financial statements
- How to classify cash flows between operating, investing and financing
- Direct versus Indirect methods
- Disclosure requirements
- Non-cash transactions
PREREQUISITES
None
ADVANCE PREPARATION
None