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).
Course Publication Date:
June 09, 2020
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$25.00!
| Author: | Delta CPE |
| Course No: | ACT-CASHFLOWS-4610 |
| Recommended CPE: | 2.50 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- Recognize the use of and the objectives for a statement of cash flows.
- Identify between operating, investing, and financing activities, and how different cash variables will affect the statement of cash flows.
- Identify differences in the preparation of the statement of cash flows using the direct method vs. the indirect method.
- Recognize and calculate how changes and transactions in asset and debt accounts affect the cash flows of a company.
- Recognize the cash flow issues addressed by ASU 2016-15, Statement of Cash Flows (Topic 230).