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| Author : | Jae K. Shim, Ph.D., CPA |
| Course Length : | Pages: 24 ||| Review Questions: 30 ||| 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 : | Cash flows are vital to a company's financial health. The statement of cash flows provides useful information to management, investors, creditors, and other interested parties, presenting the effects on cash of all significant operating, investing, and financing activities. It is required as part of a full set of financial statements. This course discusses cash flow reporting, presentation, and disclosure requirements of ASC 230, Statement of Cash Flows. It also provides examples to illustrate the application. |
| Usage Rank : | 0 |
| Release : | 2022 |
| Version : | 1.0 |
| Prerequisites : | Basic Accounting. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Understanding the Cash Flow Statement
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 17-Jan-2023 |
| 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, v12, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives After completing this course, you should be able to:
2. Identify how different cash variables (e.g., operating, investing, financing) affect the cash flows 3. Identify differences between the direct method the indirect method 4. Recognize how changes in asset and debt accounts affect the cash flows 5. Identify the presentation and disclosure requirements |
| Course Contents : | Chapter 1 - Statement of Cash Flows: Reporting and Analysis Fundamentals Purpose and Use Content and Format Presentation and Disclosures Exhibit 1: Statement of Cash Flows (Indirect Method) Cash and Cash Equivalents Definitions Restricted Cash Exhibit 2: Presentation of Restricted Cash Review Questions - Section 1 Classification of Cash Flows Operating Activities Investing Activities Financing Activities Other Considerations Insurance Claim Proceeds More Than One Class of Cash Flows Gross vs. Net Cash Flows Examples: Gross vs. Net Cash Flows Review Questions - Section 2 Noncash Investing and Financing Activities Exhibit 3: Noncash Activities Disclosure Reporting Cash from Operation Reconciliation of Net Income Exhibit 4: Illustrative Reconciliation of Net Income to Cash Flow from Operations Example: Reconciliation of Net Income Direct Method Exhibit 5: Cash Flows from an Operating Activities Section under the Direct Method Example: Direct Method Indirect Method Exhibit 6: Illustrative Indirect Method Presentation Example: Indirect Method Preparation of Cash Flow Statement Comprehensive Illustration: Direct Method Statement Cash Flow Analysis Operating Activities Exhibit 7: Robin Inc. - Operating Activities Investing Activities Financing Activities Example: Cash Flow Analysis Comprehensive Illustration: Cash Flow Analysis Liquidity and Financial Flexibility Example: Cash Debt Coverage Ratio Example: Free Cash Flow IFRS vs. U.S. GAAP Review Questions - Section 3 Appendix: Disclosure of Cash Flow Activities Glossary |
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