This course provides an overview of the statement of cash flows, one of the most important, if not the most important, financial statements prepared by an entity, as well as other key financial statement disclosure topics. Chapter 1 focuses on cash flow reporting and Chapter 2 focuses on disclosure requirements related to revenue recognition, leasing, business combinations, CECL, and segments. While there may not be direct linkage among cash flow and these disclosure topics, this course is intended to provide an overview of several of the key areas.

Learning Objectives
  • Explore and list the different methods used for presenting the statement of cash flows.
  • Discover and differentiate between operating, financing, and investing activities in the statement of cash flows.
  • Recognize how a statement of cash flows is prepared using the indirect method.
  • Identify cash flow classification for various types of transactions.
  • Recognize disclosures requirements with respect to cash flow transactions.
  • Identify disclosure requirements related to revenue from contracts with customers.
  • Recognize both qualitative and quantitative disclosure requirements for both lessees and lessors.
  • Identify disclosures related to business combination transactions.
  • Recognize disclosure requirements based on the CECL standard.
  • Discover and differentiate between disclosures for reportable segments vs. entity-wide.
Last updated/reviewed: August 18, 2023
21 Reviews (106 ratings)

Reviews

5
Anonymous Author
The course covered a lot of common and important disclosure topics for entities to remember with respect to the statement of cash flows and various other financial statement footnote requirements.

5
Anonymous Author
Great course - really forced me to take a step back and think through the cash flow statement and how and why different items are classified as they are.

5
Member's Profile
This was very informative, thorough, and presented in an easy to reference prose with great examples and insights. Very much appreciated, thank you!

5
Member's Profile
Fantastic and detailed course on the components of the statement of cash flows reporting and relevant disclosures. Many examples and applications.

5
Anonymous Author
Well presented and organized. Character minimum. Character minimum. Character minimum. Character minimum. Character minimum. Character minimum.

5
Anonymous Author
Very good course that explained common and uncommon business transactions and how to reflect them on the cash flow statement.

5
Member's Profile
A helpful review of the cash flow and other financial statement disclosure topics! Thanks for the thorough summary.

4
Anonymous Author
Extensive but detailed information regarding examples of exceptions in cash flows and other disclosures .

5
Anonymous Author
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4
Anonymous Author
There were many typos and errors in the document. However, the information presented made sense.

5
Anonymous Author
Great course & information. Final exam was challenging but covered a lot of interesting topics.

5
Anonymous Author
this course was informative and to the point with heavy emphasis on SCF classifications.

5
Anonymous Author
Liked that this was a text-based course given the amount of detailed information.

4
Anonymous Author
This was a helpful review of the cash flow statement requirements. Thank you.

5
Anonymous Author
A lot of information covered in this which provides a lot of good insight.

5
Member's Profile
This course provides a lot of good information regarding SEC disclosures

5
Member's Profile
The material is very helpful and easy to follow. It's a great course.

4
Member's Profile
very good course, good presentation and pertinent information

5
Anonymous Author
Great course for an overview of financial statements.

4
Anonymous Author
Great information on financial statement disclosures.

5
Anonymous Author
I really liked the level of detail in this course.

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
COURSE MATERIAL
  Cash Flow Reporting & Other Financial Statement Disclosure Hot Topics (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam