Price range: $58.00 through $78.00
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Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
 Secure Transaction CPE Credits
2 Credits: Auditing
Course Level
Overview
Format
Self-Study
Course Description
This course looks at the ways companies can influence operating cash flow and make liquidity appear stronger than it really is. It covers common methods, including reclassifying activities, factoring receivables, and using supplier finance programs. Timing-based tactics, such as accelerating collections or delaying payments, are also reviewed. The course examines how transaction structures, prepayments, and other arrangements can affect cash flow. Finally, it highlights disclosure and presentation practices that can hide liquidity issues, including selective narrative disclosures and the use of non-GAAP measures.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify ways cash flow can be misclassified or timed to make liquidity appear stronger
- Recognize the impact of reclassifying activities, factoring, and supplier finance on operating cash flow
- Differentiate routine cash management from strategies designed to manipulate liquidity
- Determine how transaction structuring, prepayments, and staged arrangements can affect reported cash flow
- Identify disclosure and presentation practices that can obscure cash flow trends
- Recognize the effect of aggregation and non-GAAP measures on interpreting liquidity
- Distinguish legitimate financial reporting choices from techniques intended to mislead
Course Specifics
SS926469683
February 26, 2026
There are no prerequisites.
None
58
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Kelen is a recognized author and reviewer of CPE courses and has authored over 230 courses (570+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple-choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.  Kelen has over 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP. Prior to HP, he served in …
QAS Self-Study
