Listening to the Statement of Cash Flows: Fundamentals and Analytical Techniques

This course will allow you to get reacquainted with the statement of cash flows. We will refresher your skills regarding both the preparation and utilization of the statement of cash flows. Significant emphasis will be placed on the informational role of the statement of cash flows and insights that can be obtained using the statement of cash flows in concert with the other elements of a company’s accrual-basis financial statements.

Learning Objectives

Understand what factors allowed certain frauds to occur
Recognize what internal controls may have prevented the frauds
Consider application of these lessons to circumstances you encounter in your professional endeavorRecall major elements of the statement of cash flows
Identify the two broad methods for preparing the statement of cash flows
Perform certain calculations for preparing both the indirect and direct statements of cash flows
Use the statement of cash flows as part of financial statement analysis

Major Topics

Preparation of the statement of cash flows
Importance of identifying sources and uses of cash in financial reporting
Financial statement analysis
Cash-related financial statement disclosures

CPE Credits Available

2 CPE

2: Accounting & Auditing

Things to Know About This Course

Course Level

Intermediate

Prerequisites

Basic working knowledge of financial statements

Advanced Preparation

None

Intended Audience

CPAs in public practice or members in industry who desire a renewed perspective regarding the statement of cash flows

Provider

ACPEN