Creating the statement of cash flows can be a daunting task for many professionals, as it is often regarded as the most challenging of the financial statements to prepare. This course directly addresses this problem by meticulously defining each line item in the statement, illustrating the different allowable presentation forms, and guiding through the assembly process. It agitates the issue by acknowledging the complexity and the myriad of special situations that can complicate its preparation. As a solution, the course simplifies this task, providing a clear, step-by-step approach to accurately compiling the statement of cash flows, including handling acquisitions and foreign currency events. Additionally, it offers valuable insights into key cash flow analyses and interpretation techniques, making this course essential for those who aim to master the preparation of this crucial financial statement.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
Identify the classifications used within the statement of cash flows.
Note the differences between the direct and indirect methods of presentation.
Recognize the concepts of grouping and clustering information in the statement of cash flows.
Note the origins of the information appearing in the statement of cash flows.
Identify the treatment of acquisitions and foreign currency events in the statement of cash flows.
Chapter 2
Recognize the calculations used to compile ratios related to cash flows and the situations in which these measurements are most useful.
Major Topics
Statement of Cash Flow
Cash Flow Analysis
