Cash Flow Reporting Principles

Study Level: Basic
Delivery Method: Online self-study
Provider of Record: WebCE
Field of Study: Accounting
Prerequisites: N/A

Course Description:
This course provides an overview of the key principles and requirements with respect to the statement of cash flows as prescribed by Accounting Standards Codification (ASC) Topic No. 230, Statement of Cash Flows. This includes a discussion of the classification of cash inflows and outflows, the form and content of presentation, and disclosures. Additionally, this course also includes a comprehensive illustrative example of how to prepare a statement of cash flows using the indirect method of presentation. This course also discusses and integrates the amendments from two Accounting Standards Update (ASUs) issued by the Financial Accounting Standards Board (FASB) in 2016 which impacted ASC Topic No. 230.    

Learning Objectives:

At the conclusion of this course, students will be able to:

  • identify the key U.S. GAAP source related to the statement of cash flows
  • differentiate between cash flows related to operating, investing, and financing activities
  • recognize new guidance prescribed by ASUs impacting the statement of cash flows
  • recognize key differences in presentation methods of the statement of cash flows
  • identify key disclosure requirements relating to the statement of cash flows

Reviewed: Jan 2018