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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 : |
Statement of Cash Flows Reporting and Analysis 2015 Text Based
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| 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:
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 Multiclassification 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 Glossary |
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