From its humble beginnings way back in 1963 when the Accounting Principles Board “encouraged” the presentation of a funds statement, the Statement of Cash Flows has made its way to a required, critical, and often considered the most important financial statement in an entity’s financial reporting package. This course will provide you with an overall review of the authoritative literature used for preparing a statement of cash flows, FASB Accounting Standards Codification (ASC) 230, Statement of Cash Flows, as well as implementation guidance and real-world presentation examples from published financial statements. The course will also address recent Accounting Standards Updates (ASUs) related to the preparation of the statement of cash flows. Hands-on exercises will be used to help you apply the requirements and guidance which can be challenging especially in those situations when non-operating changes in assets and liabilities are involved. Disclosure requirements will also be reviewed and illustrated across a number of accounting standards.
FASB ASC 230, Statement of Cash Flows, The indirect and direct methods for preparing the operating section, Operating activities, investing activities, and financing activities, Disclosure requirements and issues, Recent ASUs impacting the preparation of the statement of cash flows
Understand and apply the professional requirements and guidance for preparing a statement of cash flows found in FASB ASC 230, Statement of Cash Flows, Identify and properly classify transactions and events on the statement of cash flows, Review presentation and disclosure issues relating to the statement of cash flows, Prepare the statement of cash flows in accordance with U.S. GAAP
Marty Van Wagoner
Child, Van Wagoner & Bradshaw, PLLC / Salt Lake City, UT
Marty Van Wagoner is a partner at Child, Van Wagoner & Bradshaw, PLLC, (CVB) a firm specializing in national and international SEC clients, subsidized housing entities and taxes. He earned a BA in accounting and an MBA at the University of Utah, after which he went directly to work for KPMG. In his ten years at KPMG he specialized in the audits of manufacturing companies. After KPMG, he worked about a year and a half at placement agencies and then formed his own CPA firm.
During that time Marty did contract work quite consistently with the same individuals; it was decided they formally join forces to create (CVB). His emphasis at CVB is the audit of SEC filing companies with an emphasis on international businesses.
Non-Member Price $205.00
Member Price $155.00