Participants will develop a practical understanding of how to prepare a high-quality statement of cash flows under ASPE, using exercises that progressively introduce common complexities. Participants will learn how standards-based requirements apply to real-world scenarios, including non-cash transactions, foreign exchange, cash and cash equivalents, and operating activity adjustments.

• Practitioners seeking a robust and complete review of the statement of cash flow under ASPE. 
• Accounting and tax professionals working with both private enterprises and not-for-profit organizations. 

By the end of this course, participants should be able to: 

• Describe ASPE requirements for preparing a statement of cash flows and apply them to produce an accurate and compliant statement. 
• Distinguish between operating, investing, and financing activities and classify cash flows appropriately. 
• Apply the direct and indirect methods for presenting operating activities. 
• Identify non-cash transactions and determine required disclosures. 
• Evaluate the impact of foreign currency transactions and changes in working capital on cash flow presentation. 

Topics include: 

• Components of the cash flow statement and types of activities. 
• Determining cash and cash equivalents, including illustrative scenarios. 
• Direct and indirect method presentation and related adjustments. 
• Non-cash investing and financing activities. 
• Gross presentation requirements for investing and financing activities. 
• Foreign exchange considerations in cash flow reporting. 
• Required disclosures and examples of more complex transactions. 
• A comprehensive exercise to apply concepts discussed in the seminar. 

Course Content Created: November 2021

Presenter

About This Product

On-Demand Courses by CPA PRO are either video recordings from live seminars, or video recordings produced specifically for the on-demand audience. Where available, accompanying materials such as handouts or course notes are included.On-demand courses are eligible for verifiable CPD hours upon successful completion, and a certificate will be made available for download for your records.

Note that some courses comprise both formal instruction and self-directed exercises. In such cases, participants must complete both components to claim full CPD hours, or must reduce their reported CPD hours accordingly.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

After completing your purchase, go to mylms.bccpa.ca. Log in using your CPABC Online Services credentials. Click Go to Your Courses and Materials to access your Learning Center. Select your course title to begin.