Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This two hour course focuses on the areas in the preparation of the Statement of Cash Flows that tend to create the most challenges and difficulties for members.
The objective of this course is to provide participants with a solid understanding of the preparation of the statement of cash flow through discussion of the standard and exercise involving the preparation of a statement of cash flow under the direct and indirect method.
The course will start with a basic cash flow statement and add complexities, including non-cash transactions, foreign exchange, definition of cash and cash equivalents and determination of adjustments to operating activities. The requirements of the standards are presented through discussion, exercises that introduce complexities and a comprehensive exercise to illustrate the concepts discussed.
Topics Include:
- Overview of the requirements of the Statement of Cash Flow requirements
- Definition of Cash and Cash equivalents
- Direct and Indirect method of presenting operating activities
- Non-cash transactions
- Foreign currency
- Presentation of gross items for financing and investing activities
- Determination of whether changes in working capital relate to operating or other activities
- Required disclosures
- Examples of more complex transactions
- Comprehensive exercise to address complexities discussed
NOTE: No updates or changes were made to the 2024 version of this course. If you completed the course in 2022 or 2023, please be advised the 2024 course material has not changed. If you have any questions, please contact pdevents@cpaontario.ca.
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Key Takeaways
By the end of this course, participants should be able to:
- Better understand the ASPE standards for cash flow statements to prepare a quality cash flow statement, including relevant disclosures that complies with the specific standards.
Who Will Benefit
Most accounting and tax professionals will acquire substantial gains from this course, especially:
- Practitioners seeking a robust and complete review of the statement of cash flow under ASPE.
- Accounting and tax professionals working or involved with both private enterprises and not-for-profit organizations.
Prerequisite(s)
Participants should be familiar with the CPA Handbook – Accounting Part II, Section 1540 Cash Flow Statement.
How to Access the Course
This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.
However, you will only have access to the course for 90 days after REGISTRATION.
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To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.