Jeff Sailor's Step by Step Series brings a practical and engaging approach to understanding and preparing the Statement of Cash Flows. This course offers more than just a walkthrough of GAAP requirements; it provides a comprehensive guide to the real-world application of these principles. You will learn how to accurately identify and classify cash flow activities and apply a straightforward spreadsheet model for effective cash flow identification. Furthermore, Jeff's webcast illuminates the two methods of presenting this statement, ensuring your proficiency in both. But it's not all numbers and technicalities; Jeff's unique teaching style infuses humor and creativity into the learning process. His video parodies are not only entertaining but also serve as a memorable way to reinforce the material. This course is an invaluable resource for any accounting professional seeking to enhance their skills in financial reporting and presentation, making complex accounting concepts accessible and engaging.
Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the purpose of a statement of cashflows
Identify the three classifications of activities
Apply a spreadsheet model to identify cash flows
Identify the two methods for presentation
Apply GAAP principles in preparing the presentation
Apply the requirements for disclosures
Major Topics
Understanding the Basic Concepts
Comparing Periods to Identify Cash Flows
Categorizing the Cash Flows
Selecting Your Presentation
Preparing the Statement
Preparing Disclosures
Documenting Your Work