This course provides an overview of the statement of cash flows, one of the most important, if not the most important, financial statements prepared by an entity, as well as other key financial statement disclosure topics. Chapter 1 focuses on cash flow reporting and Chapter 2 focuses on disclosure requirements related to revenue recognition, leasing, business combinations, CECL, and segments. While there may not be direct linkage among cash flow and these disclosure topics, this course is intended to provide an overview of several of the key areas.
Course Publication Date:
September 23, 2022
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$40.00!
| Author: | Kelen Camehl |
| Course No: | ACT-CASHHOT-14922 |
| Recommended CPE: | 4.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- List the different methods used for presenting the statement of cash flows.
- Differentiate between operating, financing, and investing activities in the statement of cash flows.
- Recognize how a statement of cash flows is prepared using the indirect method.
- Identify cash flow classification for various types of transactions.
- Recognize disclosures requirements with respect to cash flow transactions.
- Identify disclosure requirements related to revenue from contracts with customers.
- Recognize both qualitative and quantitative disclosure requirements for both lessees and lessors.
- Identify disclosures related to business combination transactions.
- Recognize disclosure requirements based on the CECL standard.
- Differentiate between disclosures for reportable segments vs. entity-wide.