Owners, managers, and third party users seek information about the financial position, results of operations, and cash flow. For many non-accountants, the statement of cash flows is easier to understand than other basic financial statements. Yet, many accountants shy away from preparing the statement of cash flows. This webcast helps alleviate those fears and provides guidance on the steps to preparing a statement of cash flows effectively and efficiently.
WHY SHOULD YOU ATTEND?
It is not only important to understand how to properly prepare the statement of cash flows but also to understand its importance to users of the financial statements. In a global economy where “cash is king”, an understanding of the questions answered by the statement is vital.
AREA COVERED
- Format, objective purpose, and source of statement
- Classifying investing, financing, and operating activities
- Direct versus indirect methods of preparing operating activities
LEARNING OBJECTIVES
- Identify the major classifications of cash flows
- Contrast the direct and indirect methods of calculating net cash flows from operating activities
- Prepare a statement of cash flows
- Identify sources of information for a statement of cash flows
WHO WILL BENEFIT?
- Accountants in public practice
- Executives of all entities; public, private, governmental, and not for profit
- Creditors
- Investors
- Risk managers
It is not only important to understand how to properly prepare the statement of cash flows but also to understand its importance to users of the financial statements. In a global economy where “cash is king”, an understanding of the questions answered by the statement is vital.
- Format, objective purpose, and source of statement
- Classifying investing, financing, and operating activities
- Direct versus indirect methods of preparing operating activities
- Identify the major classifications of cash flows
- Contrast the direct and indirect methods of calculating net cash flows from operating activities
- Prepare a statement of cash flows
- Identify sources of information for a statement of cash flows
- Accountants in public practice
- Executives of all entities; public, private, governmental, and not for profit
- Creditors
- Investors
- Risk managers