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.
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 course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Rosanna Lamanna, CPA, CA, has 20 years experience providing accounting, audit, tax and business advisory services. In addition to assisting Canadian and international companies, in a variety of sectors, with their financial reporting and tax compliance needs, she offers strategic advice and helps companies identify business process improvements. Rosanna has extensive experience in working with privately held businesses, including family-owned businesses, and understands the various issues that confront owners and family members in today’s dynamic business environment. She also has considerable experience in working with entrepreneurs and early stage companies, as well as, those scaling for growth. Rosanna has been featured in several business publications and has been interviewed for her perspective on industry issues by various media outlets.