This course will be an overview of:
- The statement of cash flows as a required U.S. US GAAP financial statement that requires knowledge of ASC 230.
- The significant but sometimes subtle differences between net income, cash flow, and operating, investing, and financing activities.
- Factors that produce accurate and timely cash statements which provide information crucial to any company’s success.
- The three categories within a statement of cash flows: operating, investing, and financing activities.
- A case study with journal entries and working schedules that provide an opportunity to practice real-world strategies while preparing a statement to completion.
After completing this course, the learner should be able to:
- Define the evolution and purpose of the statement of cash flows.
- Identify the major classifications of cash flows.
- Apply the direct and indirect methods of preparing the statement of cash flows.
- Name operating, investing, and financing activities that impact cash inflows and outflows.
- Identify the sources of information for the statement of cash flows.
There are no reviews yet.