The statement of cash flows is the least used of the financial statements; it not be issued at all for internal financial reporting purposes. The recipients of financial statements seem to be mostly concerned with the profit information on the income statement, and to a lesser degree, with the financial position information on the balance sheet. Nonetheless, the statement of cash flows can provide valuable information, especially when combined with the other financial statements.
Statement of Cash Flows: Preparation and Presentation describes the objectives of the statement of cash flows, the different presentation methods that can be used, and how to prepare it. The course also notes the presentation treatment of many special situations, data collection issues, and the disclosure requirements for related information. In addition, you'll learn from several key cash flow analyses, including how to interpret the statement of cash flows.
Upon successful completion of this course, participants will be able to:
- Identify the classifications used within the statement of cash flows.
- Note the differences between the direct and indirect methods of presentation.
- Recognize the concepts of grouping and clustering information in the statement of cash flows.
- Note the origins of the information appearing in the statement of cash flows.
- Identify the treatment of acquisitions and foreign currency events in the statement of cash flows.
- Recognize the calculations used to compile ratios related to cash flows and the situations in which these measurements are most useful.
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