Statement of Cash Flows: Preparation and Presentation

2 Credits: Accounting


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Statement of Cash Flows: Preparation and Presentation

Course Level
CPE Credits

2 Credits: Accounting

Course Description

Creating the statement of cash flows can be a daunting task for many professionals, as it is often regarded as the most challenging of the financial statements to prepare. This course directly addresses this problem by meticulously defining each line item in the statement, illustrating the different allowable presentation forms, and guiding through the assembly process. It agitates the issue by acknowledging the complexity and the myriad of special situations that can complicate its preparation. As a solution, the course simplifies this task, providing a clear, step-by-step approach to accurately compiling the statement of cash flows, including handling acquisitions and foreign currency events. Additionally, it offers valuable insights into key cash flow analyses and interpretation techniques, making this course essential for those who aim to master the preparation of this crucial financial statement.

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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.
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Course Specifics

Course ID
Revision Date
May 22, 2023

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

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

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …