CE/CPE Course Information

Preparation of a Statement of Cash Flows

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Overview
Delivery Method: QAS Self-Study
Lesson Version: 18-2
Publication/Revision Date: March 16, 2018
Prerequisites/Advanced Preparation: None
Written By: Michael Kustanovich, CPA

Learning Objectives	After completing this course, you will be able to Distinguish between cash flows from operating, investing, and financing activities Recognize items that should be included in cash and cash equivalents Prepare a statement of cash flows under the indirect method Prepare a statement of cash flows under the direct method Recognize the main differences between U.S. GAAP and IFRS in relation to the presentation of a statement of cash flows. This course was reviewed on December 21, 2022, and no updates or revisions were deemed necessary.
Course Topics	Introduction Definitions Direct and Indirect Methods of Presenting Operating Cash Flows Worksheet Preparation (Indirect Method) Differences between U.S. GAAP and IFRS

Learning
Objectives

After completing this course, you will be able to

Distinguish between cash flows from operating, investing, and financing activities
Recognize items that should be included in cash and cash equivalents
Prepare a statement of cash flows under the indirect method
Prepare a statement of cash flows under the direct method
Recognize the main differences between U.S. GAAP and IFRS in relation to the presentation of a statement of cash flows.
This course was reviewed on December 21, 2022, and no updates or revisions were deemed necessary.

Course Topics

Introduction
Definitions
Direct and Indirect Methods of Presenting Operating Cash Flows
Worksheet Preparation (Indirect Method)
Differences between U.S. GAAP and IFRS

This QAS self-study course consists of an Audiovisual presentation, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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