Self-Study
2
Overview
Accounting
There are no prerequisites.

Course Description

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.



Instructor

Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).



Course Specifics

Accounting
Jan 19, 2016
There are no prerequisites.
SS1153430
48
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • 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.

Chapter 2

  • Recognize the calculations used to compile ratios related to cash flows and the situations in which these measurements are most useful.



Table of Contents

Chapter 1 – The Statement of Cash Flows

Learning Objectives

Introduction

Overview of the Statement of Cash Flows

Statement Objectives

Statement Requirements

Reporting Classifications

The Direct Method

The Indirect Method

Presentation Variations

Information Sources

Illustration of the Preparation of a Statement of Cash Flows

Additional Topics

Business Combinations

Discontinued Operations

Foreign Currency Cash Flows

Gains and Losses

Hedging Activities

Installment Sales

Interest and Dividend Receipts

Interest Payments

Non-Reportable Cash Events

Non-Use of Cash Equivalents

Receivables as Collateral

Restricted Cash

Sale of Receivables

Securities Recorded at Fair Value

Tax Payments

Advantages of the Statement of Cash Flows

General Advantages of the Statement of Cash Flows

Advantages of the Direct Method of Presentation

Advantages of the Indirect Method of Presentation

Disadvantages of the Statement of Cash Flows

Net Presentation

Data Collection Issues

Disclosures

Summary

Chapter 1 – Review Questions

Chapter 2 – Cash Flow Analysis

Learning Objectives

Introduction

Overview of Cash Flow Measurements

Free Cash Flow

Cash Flow per Share

Cash Flow Return on Sales

Cash Flow Return on Assets

Cash Turnover Ratio

Cash Reinvestment Ratio

Interpreting the Statement of Cash Flows

Examination of Cash Flows from Operating Activities

Examination of Cash Flows from Investing Activities

Examination of Cash Flows from Financing Activities

Analysis Conclusions

Summary

Chapter 2 – Review Questions

Review Question Answers and Rationales

Glossary

Index

Final Examination

Answer Sheet

Course Evaluation

 



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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