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Course Details

Statement of Cash Flows: Reporting and Analysis - v10 (Course Id 910)

QAS / Registry
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Author : Jae K. Shim, Ph.D., CPA
Course Length : Pages: 33 ||| Review Questions: 29 ||| Final Exam Questions: 15
CPE Credits : 3.0
IRS Credits : 0
Price : $26.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Accounting - Accounting for Course Id 910

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).

Usage Rank : 0
Release : 2020
Version : 1.0
Prerequisites : Basic Accounting.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 16-Jan-2021
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 910

Keywords : Accounting, Statement, Cash, Flows, Reporting, Analysis, v10, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

After completing this course, you should be able to:
    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 in the 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).
Course Contents :

Chapter 1 - Statement of Cash Flows: Reporting and Analysis

Course Learning Objectives

Cash Flow Statement Format

Steps in Preparation of Statement of Cash Flows

Cash and Cash Equivalents

Reconciliation of Net Income to Cash Flow from Operations

Review Questions - Section 1

Direct Method

Indirect (Reconciliation) Method

Gross versus Net Cash Flows

Operating Activities

Investing Activities

Financing Activities

Noncash Investing and Financing Activities


Considerations of Certain Cash Receipts and Cash Payments

The Restricted Cash Guidance

Special Items in the Income Statement

Agency Arrangements

Hedging Transactions

Foreign Currency Cash Flows

Review Questions - Section 2

Comprehensive Examples

Example One - The Cash Flow Statement Using the Direct Method

Example Two - Direct and Indirect Methods

Cash Flow Analysis

Operating Section

Investing Section

Financing Section

Financial Liquidity

Financial Flexibility

Free Cash Flow

IFRS Differences Affecting the Statement of Cash Flows

Review Questions - Section 3

Appendix: Nike Inc. 2019 Annual Report


CPE Accounting Course: https://www.cpethink.com/accounting-cpa-courses
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