Statement of Cash Flows - 2022 (Text Based)

Cash flows are vital to a company's financial health. The statement of cash flows provides useful information to management, investors, creditors, and other interested parties, presenting the effects on cash of all significant operating, investing, and financing activities. It is required as part of a full set of financial statements. This course discusses cash flow reporting, presentation, and disclosure requirements of ASC 230, Statement of Cash Flows. It also provides examples to illustrate the application.

Learning Objectives:

1. Recognize the use of and the objectives for a statement of cash flows
2. Identify how different cash variables (e.g., operating, investing, financing) affect the cash flows
3. Identify differences between the direct method the indirect method
4. Recognize how changes in asset and debt accounts affect the cash flows
5. Identify the presentation and disclosure requirements