- NY Credits : 4.0
- TX Credits : 4.0
Cash Flows (FASB ASC 230)
Cash flows can be a basic concept, but the preparation of a cash flow statement can be tricky. The analysis of transactions and determination of the proper classification is essential in order to present this critical information to the users of the set of financial statements required by GAAP. This is a comprehensive course which provides a concise overview of the topic as well as a summary covering miscellaneous reporting requirements and review of the procedures related to cash flow.
Upon successful completion of Cash Flows (FASB ASC 230), the user should be able to:
recognize topics related to a statement of cash flows,
classify transactions for each of the appropriate sections of the statement of cash flows (operating, investing and financing activities), and
identify cash flow reporting issues.