Statement of Cash Flows: Reporting and Analysis

Course Information

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Title:	Statement of Cash Flows: Reporting and Analysis
Category:	Accounting and Auditing
Field of Study:	Accounting
Course Code:	M109
CPE Credits:	3.0
Price:	24.95

Description

Description:

A statement of cash flows is required as part of a full set of financial statements. It must be prepared in conformity with generally accepted accounting principles (GAAP). The statement is not required if the financial statements are prepared on a basis of accounting other than GAAP. The statement must be included in both annual and interim financial statements. This course discusses the requirements of ASC 230, Statement of Cash Flows (ASC 230-10-45-18 and 45-27).

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Technical Details: Accounting is a technical field of study.

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Objectives

Objectives:

1. Recognize the use of and the objectives for a statement of cash flows. 2. Identify between operating, investing, and financing activities, and how different cash variables will affect the statement of cash flows. 3. Identify differences for preparation of the statement of cash flows using the direct method vs. the indirect method. 4. Recognize and calculate how changes and transactions in asset and debt accounts affect the cash flows of a company. 5. Recognize the cash flow issues addressed by ASU 2016-15, Statement of Cash Flows (Topic 230).

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers: CPA