ASPE - Statement of Cash Flows

Overview:

The objective of this course is to provide you with a solid understanding of the preparation of the statement of cash flow through discussion of the standard and exercise involving the preparation of a statement of cash flow under the direct and indirect method. 

The course will start with a basic cash flow statement and add complexities, including non-cash transactions, foreign exchange, the definition of cash and cash equivalents, and determination of adjustments to operating activities. The requirements of the standards are presented through discussion, exercises that introduce complexities, and a comprehensive exercise to illustrate the concepts discussed.

Course Content:

In this course, you will gain knowledge about the following topics:

• Overview of the requirements of the Statement of Cash Flow requirements
  • Definition of Cash and Cash equivalents
  • Direct and Indirect method of presenting operating activities
  • Non-cash transactions
  • Foreign currency
  • Presentation of gross items for financing and investing activities
  • Determination of whether changes in working capital related to operating or other activities
  • Required disclosures
  • Examples of more complex transactions
• Comprehensive exercise to address complexities discussed

Learning Objectives:

Upon completing this course, you should be able to:

• Better understand the ASPE standards for cash flow statements to prepare a quality cash flow statement, including relevant disclosures that complies with the specific standards

Who Will Benefit:

Most accounting and tax professionals will acquire substantial gains from this course, especially:

• Practitioners seeking a robust and complete review of the statement of cash flow under ASPE
• Accounting and tax professionals working or involved with both private enterprises and not-for-profit organizations