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The Statement of Cash Flows - The Ignored Financial Statement

Friday, Jun. 27
 8:45am - 12:15pm

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4.00 Credits

Member Price $140.00

Price will increase by $20 after 6/20

Non-Member Price $205.00

Price will increase by $20 after 6/20

Overview

There is a renewed interest in the Statement of Cash Flows. In the past 10 years, over 30% of restated financial statements were due to errors in the Statement. The SEC has focused on it, Peer reviewers are noting problems, and the FASB has begun a project on it. This course focuses on where the problems are and where there is diversity in practice.

Objectives

  • To gain the ability to critically read a\the statement of cash flows
  • To learn how to properly distinguish between operating, investing, and financing cash flows
  • To learn the importance of disclosing non-cash transactions
  • Highlights

  • The format of the Statement of Cash Flows
  • How to identify cash flows from accrual financial statements
  • How to classify cash flows between operating, investing and financing
  • Direct vs. Indirect methods
  • Disclosure requirements
  • Non-cash transactions.
  • Designed For

    CPAs in public and private practice

    Prerequisites

    None

    Preparation

    None

    Notice

    By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

    Leader(s):

    Leader Bios

    Kenneth Heaslip, Managing Member, Kenn Heaslip Seminars, LLC

    Kenn is a top-rated instructor who has been leading dynamic, interactive and informative accounting programs for over 20 years.

    He has extensive experience teaching all levels of accounting, auditing, ethics, fraud, SSARS, and other practice-related subjects, and has presented to groups at all levels, from students to seasoned professionals.

    Kenn’s presentations focus on practical applications and include discussions among participants, examples, and case studies.

    He consistently receives high ratings and evaluations in his presentations.

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    Non-Member Price $205.00

    Member Price $140.00