Cash Flow Statements: Classification & Disclosure Issues Self-Study Webinar

To give financial professionals a review of the purpose of the statement of cash flows, with an emphasis on statement of cash flow classification and disclosure issues.

DETAILED LEARNING OBJECTIVES

• Recognize the primary source of authoritative GAAP for reporting cash flows

• Identify the relative use of the direct and indirect method for presenting the statement of cash flows

• Identify the required cash flow supplemental disclosures

• Identify investing and financing activities required to be reported at gross

• Recognize exceptions for presenting investing and financing cash receipts and payments on a gross basis

• Identify those items generally considered to be a cash equivalent

• Recognize the appropriate presentation of cash that cannot be withdrawn due to contractual compensating balance arrangements

• Recognize selected transactions and how they should be categorized on the statement of cash flows

• Recognize the recent role of the statement of cash flows in financial statement restatements

• Identify common errors found within the statement of cash flows

• Identify how to present a bank overdraft on both the balance sheet and the statement of cash flows

• Identify the appropriate treatment of cash flows relating to unusual or infrequently occurring transactions of a discontinued operation

• Identify specified examples of adjustments to reconcile net income to cash flow from operating activities

• Recognize options available for the presentation of required supplemental disclosures

• Recognize specified examples of supplemental cash flow information required to be disclosed

• Identify the appropriate presentation of foreign currency cash flows

• Recognize SEC priorities and common comment letter subjects related to the statement of cash flows

• Identify the appropriate presentation of business combination transaction costs under ASC 805

• Recognize the appropriate presentation of contributions to pension plans

• Identify the appropriate presentation of insurance reimbursements related partially to business interruption and partially to property damage

• Identify the appropriate presentation of cash paid to settle a liability-classified share-based payment award

• Recognize the threshold for reporting cash changes from investing and financing activities individually under SEC rules

• Identify IAS 7 statement of cash flows differences with GAAP

• Usefulness & Limitations of the Statement of Cash Flows
• Classification of Cash Flows
• Public Company Restatements
• Bank & Book Overdrafts
• Discontinued Operations & Reporting in Statement of Cash Flows
• Reconciliation of Net Income to Net Cash Flows Provided by Operating Activities
• Cash Flow Supplemental Disclosures on Non-Cash Investing & Financing Activities
• Classification Examples
• Foreign Currency Cash Flows
• SEC Comment Letters
• Business Combinations
• Non-Monetary Exchanges
• Sale & Leaseback Transactions
• Interim Reporting
• Recommendations for Preparing the Statement of Cash Flows in an Effective, Accurate & Timely Manner
• Significant Differences Between US GAAP ASC 230 & IFRS 7
• Right-of-Use Assets
• Presenting Cash Flows Related to Discontinued Operations
• Contingent Consideration in a Business Combination