Statement of Cash Flows
Monday, May 1, 2017 – Monday, April 30, 2018
A statement of cash flows is necessary to comply with GAAP, which is required of for-profit and not-for-profit (NFP) businesses alike. However, NFPs are required to comply with unique industry-specific guidance that applies only to them. This CPE course offers you detail-rich examples and case studies. Learn the nuances of NFP financial reporting and get the information you need to successfully prepare a statement of cash flows.
- Determine how to prepare, in accordance with GAAP, a statement of cash flows (SCF).
- Differentiate between operating, financing, and investing activities.
- Determine the effect of a particular transaction or significant event on the reporting entity's SCF.
- Differentiate between direct method and indirect method cash flow statement and identify steps for successful completion of the statements under both methods.
- GAAP industry-specific guidance
- Industry best practices
- Direct and indirect method
- Classification (operating, investment, and financing activities)
- Reconciliation of change in net assets to cash balances
- Effect of donor restrictions on cash flow reporting