Owners, managers and outside users all want to understand an organization's financial position, results and cash flow. Many non-accountants find the statement of cash flows easier to read than the other financial statements, yet many accountants avoid preparing it. This 90-minute webinar on preparing the statement of cash flows takes the fear out of the process.
You'll review the statement's format, objective, purpose and sources of information, and how to classify cash flows into operating, investing and financing activities. The session then contrasts the direct and indirect methods of calculating net cash flow from operating activities and walks through the steps to prepare the statement effectively and efficiently.
WHY SHOULD YOU ATTEND?
Knowing how to prepare the statement of cash flows matters, and so does understanding why it matters to the people who read financial statements. Where cash is king, knowing which questions the statement answers is vital.
This session suits accountants in public practice, executives of public, private, governmental and not-for-profit entities, creditors, investors and risk managers.
AREA COVERED
- Format, objective, purpose and sources of the statement
- Classifying operating, investing and financing activities
- Direct vs. indirect methods for operating activities
- Steps to prepare the statement
LEARNING OBJECTIVES
- Identify the major classifications of cash flows
- Contrast the direct and indirect methods of calculating net cash flow from operating activities
- Prepare a statement of cash flows
- Identify sources of information for the statement
WHO WILL BENEFIT?
- Accountants in public practice
- Executives of all entities; public, private, governmental, and not for profit
- Creditors
- Investors
- Risk managers
Knowing how to prepare the statement of cash flows matters, and so does understanding why it matters to the people who read financial statements. Where cash is king, knowing which questions the statement answers is vital.
This session suits accountants in public practice, executives of public, private, governmental and not-for-profit entities, creditors, investors and risk managers.
- Format, objective, purpose and sources of the statement
- Classifying operating, investing and financing activities
- Direct vs. indirect methods for operating activities
- Steps to prepare the statement
- Identify the major classifications of cash flows
- Contrast the direct and indirect methods of calculating net cash flow from operating activities
- Prepare a statement of cash flows
- Identify sources of information for the statement
- Accountants in public practice
- Executives of all entities; public, private, governmental, and not for profit
- Creditors
- Investors
- Risk managers