IAS 7 - Statement of Cash Flows
Preparing and Classifying Cash Flow Statements Under IAS 7
About This Course
Course Information
The learning outcomes from this accounting standards CPD course include: Advantages and disadvantages of cash flow statements Implementing the direct method Applying the indirect method Cash from investing activities Cash from financing activities
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 3 units of CPD . One unit is the equivalent of one hour of learning. A certificate will be issued once you have completed all 3 units.
Course Sections
This course is made up of the following sections:
- Advantages and Disadvantages of cash flow statements (video)
- Advantages and Disadvantages of cash flow statements (quiz)
- Implementing the direct method (video)
- Implementing the direct method (quiz)
- Applying the direct method (video)
- Applying the direct method (quiz)
- Cash from investing activities (video)
- Cash from investing activities (quiz)
- Cash from financing activities (video)
- Cash from financing activities (quiz)
What You Will Learn
- Explain the purpose of the statement of cash flows and why it complements the accruals-based financial statements
- Identify and categorise cash flows into operating, investing, and financing activities as required by IAS 7
- Prepare the operating activities section using both the direct and indirect methods
- Calculate cash flows from investing activities, including proceeds from disposals and payments for acquisitions of non-current assets
- Identify financing cash flows such as proceeds from share issues, loan drawdowns, and dividend payments
- Prepare a reconciliation of profit before tax to net cash generated from operations by adjusting for non-cash items and working capital changes
Who This Course Is For
- Accountants preparing cash flow statements for IFRS-reporting entities
- Finance professionals studying for exams covering IAS 7
- Analysts who need to interpret cash flow statements to assess liquidity and solvency
Prerequisites
- Working knowledge of the statement of financial position and statement of profit or loss
- Familiarity with accruals accounting and the distinction between cash and profit
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