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Preparation and Presentation of the Statement of Cash Flows (PPCF)

Customer Rating
Field of Study
Accounting
Level
Basic
Credits
4
Qualifies For
CPE



Price:  $39.99
From its humble beginnings way back in 1963 when the Accounting Principles Board "encouraged" the presentation of a funds statement, the Statement of Cash Flows has made its way to a required, critical, and often considered the most important financial statement in an entity’s financial reporting package. This course will provide you with an overall review of the authoritative literature used for preparing a statement of cash flows, FASB Accounting Standards Codification (ASC) 230, Statement of Cash Flows, as well as implementation guidance and real-world presentation examples from published financial statements. The course will also address recent Accounting Standards Updates (ASUs) related to the preparation of the statement of cash flows. Hands-on exercises will be used to help you apply the requirements and guidance which can be challenging especially in those situations when non-operating changes in assets and liabilities are involved. Disclosure requirements will also be reviewed and illustrated across a number of accounting standards.

Additional information

Credits

4

Format

Self-Study Download

Company Code

Self Study

Yellow Book Approved

0

CFP Approved

0

IRS Approved

0

CTEC Approved

0

Field of Study Credits

Accounting (4)

Field of Study Department

Accounting

Course Version

2019-01

CPE Approved

1

Pre-requistes:

None

Knowledge Level:

Basic

Major Topics:

  • Recent ASUs impacting the preparation of the statement of cash flows
  • FASB ASC 230, Statement of Cash Flows
  • The indirect and direct methods for preparing the operating section
  • Operating activities, investing activities, and financing activities
  • Disclosure requirements and issues

Learning Objectives:

  • Prepare the statement of cash flows in accordance with U.S. GAAP
  • Understand and apply the professional requirements and guidance for preparing a statement of cash flows found in FASB ASC 230, Statement of Cash Flows
  • Identify and properly classify transactions and events on the statement of cash flows
  • Review presentation and disclosure issues relating to the statement of cash flows

Designed For:

Accounting practitioners in public practice and business and industry involved in preparing the statement of cash flows; other financial professionals who review, analyze, and use the statement of cash flows including lenders, creditors, investors, and fi
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