This course provides a basic overview of the statement of cash flows. This includes a discussion of the method of presentation, the classification of various cash inflows and cash outflows, as well as an illustrative example of the indirect method of presentation. The accounting requirements with respect to the statement of cash flows is prescribed within ASC Topic No. 230
Learning Objectives
Upon successful completion of this course, participants will be able to:
List the different methods used for presenting the statement of cash flows
Differentiate between operating, financing, and investing activities in the statement of cash flows
Recognize how a statement of cash flows is prepared using the indirect method
Major Topics
Overview of the Statement of Cash Flows
Classifying Cash Flows
Gross vs. Net Presentation
