ASPE - Statement of Cash Flows

Overview:

You will develop a practical understanding of how to prepare a high‑quality statement of cash flows under ASPE, using exercises that progressively introduce common complexities. You will learn how standards‑based requirements apply to real‑world scenarios, including non‑cash transactions, foreign exchange, cash and cash equivalents, and operating activity adjustments.

Course Content:

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

• Components of the cash flow statement and types of activities.
• Determining cash and cash equivalents, including illustrative scenarios.
• Direct and indirect method presentation and related adjustments.
• Non‑cash investing and financing activities.
• Gross presentation requirements for investing and financing activities.
• Foreign exchange considerations in cash flow reporting.
• Required disclosures and examples of more complex transactions.
• A comprehensive exercise to apply concepts discussed in the course.

Learning Objectives:

Upon completing this course, you should be able to:

• Describe ASPE requirements for preparing a statement of cash flows and apply them to produce an accurate and compliant statement.
• Distinguish between operating, investing, and financing activities and classify cash flows appropriately.
• Apply the direct and indirect methods for presenting operating activities.
• Identify non‑cash transactions and determine required disclosures.
• Evaluate the impact of foreign currency transactions and changes in working capital on cash flow presentation.

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