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Erik Slayter, Accounting Professor at Cal Poly
To Access This Course:
The statement of cash flows is described in this course, and a technique for preparation is presented by working through examples. You will see how changes in assets, liabilities, and equity affects the Statement of Cash Flows, along with sale of equipment.
Course Series
This course is included in the following series:
2 CoursesBack to the Basics: Statement of Cash Flows
- Introduction to Statement of Cash Flows
- Statement of Cash Flows Fundamentals
Learning Objectives
- Discover the purpose and layout of the Statement of Cash Flows
- Recognize how a worksheet should be used as an aid in preparing the Statement of Cash Flows
- Recognize how changes in assets, liabilities, equity affects the Statement of Cash Flows
- Recognize how the sale of equipment affects the Statement of Cash Flows
- Discover how to prepare a Statement of Cash Flows
Last updated/reviewed: November 11, 2020
183 Reviews (687 ratings)Reviews
Ezgi Ustundag
(Financial Analyst at Cisco LIFT)
I thought Erik did a good job of covering the basics of the statement of cash flows in a short amount of time, but I wish that the final exam had been a better test of the viewer's knowledge. The questions were very basic and I would've much preferred being given a balance sheet/income statement and forced to construct a statement of cash flows that way. Still, I thought the instruction throughout was clear and the layout of the course made sense.
Anonymous
(Accountant)
This was a good high level overview of the cashflow statement. I think the instructor did a good job of making it make sense. The one thing I would improve on would be the actual presentation of the material - manually working through it as on a white board was slow and a little distracting. It also made it difficult to go back and review pieces that I wanted to see again. Slides would be a little easier to navigate.
Anonymous
(Financial Analyst - LIFT)
I was never taught to use that worksheet when originally learning the statement of cash flows, so it honestly confused me more. The course itself was easy and straightforward, but since I learned it a different way it wasn't as useful to me. I can see how this would be a great way to introduce students to the statement of cash flows for the first time.
Anonymous
()
One of the best explanations of the the cash flow statement that I have seen--his logic helps me better understand the cash flow statement from an intuitive perspective.
Also, I didn't really like the floating box around the text. The workbook PDF also should be in a PDF form, Excel or something that I wouldn't need to print out to complete.
Devery Adair
(CFO at PLI Industries LLC)
I recommend this class because Eric Slayter was easy to follow. The pacing of the class was just right. This class should be taken by anyone who wants a basic understanding of the cash flow statement. He also helped users understand how to compare companies using basic analysis on the statements.
Lilian Dendrinos
(consultant at DLC Group)
Excellent class. It brings the cashflow to the basic level. I thought I knew cash flow well but I learned new tricks and instead of just doing the mechanics, I actually understood why certain things are handled the way they are. I really also liked the columnar presentation.
KMFC KMFC
(Account Manager at Kawasaki Motors Finance Corporation)
Very good course with solid foundation for fundamentals. One thought for improvement is to add multiple quizzes with differing questions, the material was great, quiz was challenging (but only one with only 3 challenging questions) and the exam was simple in comparison.
Matt Madison
( at N/A)
This was a good introductory class on the Statement of Cash Flows. My only criticism is that to get a full understanding you will need an intermediate class as the example used in this class is very rudimentary and not reflective of real world cash flow statements.
Rahman Ullah
(Senior Accountant at Cardtronics)
Nice way to summarize key concepts of CF Stmt. and not overly complex as to quickly review and solidify knowledge an experienced acocuntant should already know. Also, if learning for first time this will have you able to prepare a statement by the end. Excellent!
Thomas Simkiss
(Director of Cloud Solutions at Creoal Consulting)
Cash flows are difficult if you don't do them all the time. Practice, Practice, Practice to get to the point of excellence. The materials for this course are perfect to refresh your skills and allow users to refresh their knowledge on the topic.
Anonymous
(VP of Finance)
Great intro or overview course for the statement of cash flows. The instructor does a good job of covering all of the sections and provides a high level overview with good examples and a step by step process for creating a statement of cash flows.
Anonymous
(Accounting Manager)
Cash flow statements are very confusing as I do not work with them on a daily basis, if ever. The more practice the better you get at it. However this course is a very high level refresher course and is good as a high level reminder.
Ri Chan
(Financial Analyst at Cisco LIFT)
Not a fan of the presentation software used to present the material - the hand written notes are hard to read and creates a lag between the information presented. Overall, decent material for basic cash flow introduction.
Anonymous
(Accounting Manager)
I loved how clear and simple the walkthrough was! Although the real world has slightly more complication to it as a foundation Mr. Slayter couldn't have made it any easier. Where was he when I was in school?
Lawrence Hirsch
(Controller at Builders design)
I have taken coirses by Erik before. I enjoy the way we teaches just as if we were in a class room with a big white board. Way to go Erik. Great Course for understanding the sources and uses of cash.
Larry
Anonymous
(CFO)
Very basic, high level review of the statement of cash flows. Covers all of the key concepts. The worksheet used is a bit different in layout than what I'm used to but is effective at teaching the concepts.
Torin Campbell, CMA
(Controller at Form-A-Fab)
Good presentation of this important piece of the financials. While I liked the white board providing a classroom effect, I found a little difficult to read. Maybe you can use Excel to make it cleaner?
Anonymous
(-)
This course expalins the layout & purpose of th CFS. The worksheet was very helpful in ubnderstanding the CFS, and clearly showed how the changes in assets, liabilities, equity affects the statement.
Jaclyn Johnson
( at The Clorox Company)
This course made it very easy to follow how items appear on the statement of cash flows. Would definitely recommend if you are new to the statement of cash flows, or are just looking for a refresher.
Anonymous
(Director - Technical Accounting)
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Patricia Fisher
(CPA at Trish Fisher, CPA)
I got some good tips on preparing the cash flow statement. He explained the reasoning for each gain or loss, addition or subtraction in a way that made common sense - at least to an accountant.
Anonymous
(Associate Professor)
This course is too basic to take as CPE for a CPA. I would also suggest during the instruction to make the notes more formalized if you are going to teach how to prepare a financial statement.
Anonymous
()
Great course for those looking to get a better understanding of the cash flow statement. The questions at the end were very technical and made you you apply what you learned from the course.
Jon Aldrich
(Supervisor at RSM)
Filled out presentation materials to review would have been nice. Waiting on the words to be written out was slow. Prepared slides that auto populated would be better. Also more legible.
Timothy Halliday
(Consulting Senior at EKS&H)
It was a good overview of the statement of cash flows. The example was simple but very straightforward. It would be helpful to have a harder set of financial statements to practice on.
Jeffrey Kirsch
(CFO / VP Finance at Kirsch CFO Advisor)
I really enjoyed Erik Slayter's class. This was a very good, clear, and concise explanation of the statement of cash flows. Erik is articulate and he explains the information fully.
Anonymous
(Analyst)
I have never seen this material presented this way and really liked it! The Dividend equation revealed in the review questions would have been helpful in the actual material.
Eric Cox
(Senior Accountant at Mondo)
Good refresher on how to create a statement of cash flows - my current duties haven't had me doing it but I may be doing it in the future so it was good to revisit this.
Tim Flake
(Financial & Accounting Consultant at DLC Consulting)
This course seems to be designed for those with first time introduction to the use of financial statements. It covers the key basics of the statement of cash flows.
Anonymous
(Senior Accountant)
Very good basic overview of the cash flow statement. This is a great refresher and starting point for taking over the preperation of the CF statement for my company.
Anonymous
(Sr. Manager SEC Reporting)
This would be good for a beginner to the Statement, would prefer you have something more advanced that I could have Sr. Analyst who prepares the CF Statement take.
Tyson Davenport
( at ArbiterSports)
I like how he described the operating section of the cash flow statement. Also, he gave a good example of why the statement is important to assess a business.
Jacinth Vidinha
(Controller at Madden Media)
Very succinct review of cashflows at a slightly slow pace. Good for beginners. A little slow for more experienced or those like me looking for a quick review.
Bryan Baker
(- at DOJ)
A good overview on the basic concepts of the statement of cash flows. This course demonstrates the basic accounting that you will run into for each section
Anonymous
(Senior Internal Auditor)
This course was a refresher. The instructor was very effective in presenting the course materials. The time allotted for the course was appropriate.
MARIA LUISA DE GUZMAN
(Manager - Billing Staff & Financial .. at Harbor Rail Services of California)
Very good presentation! It was really very easy to understand and the simple example was very effective in driving in the concepts.
Thanks you!
Margaret Reybitz
(Financial Analyst at Cisco Systems Inc.)
Quiz and exam too easy. There were too few and too easy questions to really drive home everything we learned about the Statement of Cash Flows.
Anonymous
(solo)
Good course. Stated learning objectives were met. Program materials were relevant and contributed to the achievement of the learning objectives
Donald Petter
( at SELF)
Very Good simple explanation of the logic and flow of the Cash Flow Statement. Mr. Slayter explained non-intuitive concepts in a clear manner.
Julie Strickland
(Controller at Coweta County Water Authority)
Great instructor! Enjoyed the hands-on way he taught the course. Liked the way he explained each item and went more in-depth when necessary.
Anonymous
(Sr. Accountant)
Presentation materials where somewhat helpful but the PDF did not provide the worked out figures for one to reference for practice and review.
Anonymous
(Director, Governance)
Quick and concise overview of key concepts that is great for accountants who do not work with the statement of cash flows on a regular basis.
Anonymous
()
The instructor does a really nice job of laying out a template to use for constructing a cash flow statement and explains the process well.
Anonymous
()
Great overview by the time you are done you know whether to add or subtract net changes and what section of stmt types of trx belong in.
Derek Ettinger
( at GP Fund Solutions, LLC)
Instructor was clear and effective, but did not seem overly enthused about the material. A solid course, but not an extraordinary one.
Andrew DeLorme
( at Allscripts)
Informative overview of the statement of cash flows. This course covered the basic principles adequately and provided useful examples.
Anonymous
(Principal)
Great refresher or beginner course, Instructor was able to show clear examples on how to understand the development of the statement.
scott ellis
(controller at self)
This course provided a nice overview of the cashflow statement. It covered how a statement is created with straightforward examples.
Aminah Bey
(Senior Financial Analyst at Nemours)
I thought Mr. Slater did a great job explaining the Statement of Cash Flows and I especially liked the real time construction of it.
Anonymous
(Financial Analyst)
Very similar to the other course, by Erik Slayter, regarding Cash Flows. I was hoping it would be different (w/ different examples.)
Anonymous
(Financial Analyst)
I did not like how the example was laid out. I believe you should have one lesson on Operating / Investing / Financing separately.
Anonymous
(VP Technical Accounting)
good basic level statement of cash flow intro. Some clarification on indirect or direct operating statement in the test questions
Mark Thomas
(Founder at Thomas Financial Consulting LLC)
Instruction was very clear, and the worksheet showing the allocation of Operating, Investing and Financing will prove very useful
Anonymous
()
Great course and gave me a baseline knowledge of statement of cash flows. The instructor did a great job teaching this subject.
Anonymous
()
Informative course that can be used and referenced in the future. it was helpful to see step by step the creation of cash flows.
Michael Muchortow
( at Muchortow & Associates)
Excellent instruction and examples that captured in a very understandable manner the process of completing a cash flow statement
Anonymous
(Senior Accountant)
The instructor is clear teaching. I would recommend all of his classes. Great flow, easy to follow, good explanations and etc.
Anonymous
(Assistant Controller)
This course was the second part of the Beginners Cash Flow course, but was essentially the same content. Felt a bit redundant.
Anonymous
(Accountant)
Very similar to the Fundamental Course: statement of cash flow. Not much change. Good basics. Questions are straightforward.
Anonymous
(Bookkeeper)
was a good course to introduce the statement of cash flows. The workbook is a great way to review and prepare for the exam.
Lisa Anderson
(Multi-Property Manager at MRG)
Like the topic was relevant. Time allotted was great. Speaker spoke clearly and covered the topic more than once to clarify.
Ricardo De Alba
(Controller at Harvest Church)
Pretty solid introduction to the indirect method. I think there is a little bit of an issue with how it's presented though.
Grant Brannum
(Agent at Treasury)
The course clearly explained the objectives in detail and was very helpful in the analysis of the statement of cash flow.
William Seubert
( at Mercury Systems, Inc.)
Great introductory walk-through for construction of the cash flows statement. Enjoyed the whiteboard-style presentation.
Anonymous
()
This course was perfect for refreshing my memory on the sections where certain items belong on a statement of cash flows
David Fisher
( at Toledo Zoological Society)
Nice overview of the Statement of Cash Flows. The source materials do a nice job of supporting the course objectives.
Yun Sub Lee
(Senior Accountant at NA)
It gave me an overall review of SOCF. I hope the materials go into more depth since that was what I was looking for.
Michael Izzo
(Sr Financial Reporting Analyst at Catholic Health Initiatives)
Went into a good amount of detail on how to prepare the most difficult section of the SOCF - the operating section.
Lindsey McKann
(Controller at GTS)
This course was a great overview/review of CF statements. It was broken down easily to get a great understanding.
Jacob Rothman
(Portfolio Manager at Rothman Investment Management)
Good easy to follow explanation of how the cash flow statement works, with illustrations. This was really basic.
Tracey Fischer
(Senior Internal Auditor at Self)
This was such a great refresher, it helped me remember decades-old information I had completely forgotten about.
Anonymous
(Consultant)
It was a good refresher and worth taking as long as you can get passed the tools used for the presentation.
Paige Jones
(Owner at AHF Consultants)
Good examples were given. This is somewhat a difficult concept, but the presentation made it easy to follow
Anonymous
(CFO)
Very easy to follow along and easy to understand. It helps to put it in simple terms as the instructor did.
Anonymous
(Controller)
Great presentation with easy to follow instructions. This is a great into to the Statement of Cashflows.
Anonymous
()
easy to follow slides and examples that provide a good overview of the basics of statement of cash flows.
Anonymous
()
Good basic overview. I liked the use of the "text box" along the way as the instructor did his notes.
Anonymous
(Corporate Accountant)
Statement of Cash Flows Fundamentals is a great course. It reflesh what I learn in college. Well done!
Anonymous
(Director)
Good fundamentals course. May want to have 1-2 examples of "tougher" concepts, like debt and equity.
Anonymous
(Controller)
I like the handwritten presentation! Erik's presentation was effective and he knows his material.
Anonymous
(unemployed)
Good recap of indirect cash flow method. Visual learners will find the worksheet layout helpful.
Anonymous
(CFO)
This is very simplistic, but the chart to map out the changes in the accounts was very helpful.
Tara Landau
(Self employed at self employed)
Would like to see the answers of the exam so that you can understand which were wrong and why.
Laura Benson
(Senior Accountant at Google)
The format for examples is helpful conceptually but difficult to read due to messy handwriting.
Thomas Hayes
(Clinical Associate Professor at University of Arkansas)
I like that the course was short and to the point. Anyone teaching cash flows would benefit.
William Barron
(CONSULTANT at Parallel)
Excellent review of the components of the Cash Flow Statement and how they are interrelated.
Anonymous
(VP of Finance and Accounting)
Final exam was very basic and high level, but pretty much what I expected in a short course.
Staci Brown
( at Kansas Fencing, Inc.)
Made cash flows easier to understand! Could have made the course longer for more examples.
Bridget Stonesifer
(Financial Analyst at Cisco)
Super interesting learned a lot a bit short Neha is the best and connie needs to brush up
Ahmed Hagrass
(Finance Manager at Samara)
Good with quick review of the basics which has a good refresh to the Cash flows statements
James Chuang
(Compliance Specialist at Silverton Casino Hotel)
Great breakdown of the statement of cash flows. Step by step coverage is very effective.
James Chang
( at Samis)
Actually enjoyed this. Pretty easy to understand and had good examples to work through.
Abhilasha Patel
(Manager at RGP)
actual preparation of statement of cash flows was very helpful.
good examples and pace.
Renato Santos
(Regulatory Reporting Quality Assurance A.. at Wells Fargo)
A great refresher and overview on the concepts for creating a statement of cash flows.
Anonymous
()
This class was very basic and easy to follow. The instructor was clear and concise.
Anonymous
(Controller)
Excellent refresher. Goes over the material in a very straight forward and smooth way.
Anonymous
(Assistant Board Secretary)
Excellent starter course for the workings of the cash flow statement for new staff.
Janine Korovesis
(Controller at Google)
This course was helpful - the detailed example of how to build the SCF was relevant.
Anonymous
()
Good course for novices and a good review for others. Well structured and presented.
Craig Scanlon
(Owner at BST)
Good intro especially for non-accountant or someone that used to old SoCF format
Anonymous
(Financial Analyst)
Good overview to cash flow statement creation and how the accounts are treated
Simon Adell
(Chief Financial Officer at Undisclosed)
Well constructed course, with answer-choice details and a thorough workbook.
Kevin Posey
(Director, TI Financial Planning at Texas Instruments)
Good explanations. Words and writing were off some times but well done.
Alyssa Borenstein
( at Casper)
Easy course, informative and great for learning the statement of cash flows
Anonymous
(Compass Consultant)
Great course to obtain a base understanding of the statement of cashflow.
Anonymous
(Senior Accountant)
The instructor broke it down so that it was simple and easy to understand.
Anonymous
(Accounting Manager)
This instructor explained how to prepare the cash flow statement clearly.
Anonymous
(VP Finance)
Great session to relearn about the basics of the statement of cash flows!
Inna Shmukler
(Controller at Fornetix LLC)
Very good course for the beginners, who would like to know the basics.
Eugene Rura
(Manager Finance at Saputo DF USA)
good quick overview of statement of Cash Flows and a quick work-through
Anonymous
(Accountant)
Course was short, but sweet. Provided just the right amount of detail
Emily Sherman
(Lead Sr Accountant at A-dec)
Great overview of the cash flow statement. Instructor was very good!
MONICA MOUGEOT
(DIRECTOR OF FISCAL OPERATIONS at PENNINGTON BIOMEDICAL)
Very helpful to simplify cash flow statement; I enjoyed the session.
Andrew Dalton
(Financial Analyst at Cisco)
There needs to be an option to adjust playback speed for the videos.
David Martinson
(Senior Accountant at Ideal Image)
Strong overview of the cash flow statement and basis of preparation.
Anonymous
(Consultant)
Concise explanation of the 3 sections of the cash flow statement.
George Welch
(Staff Accountant at Correct Care Solutions)
Good review of the SCF. Examples were simple and easy to follow.
Lauree Kiely
(- at NewGen Strategies and Solutions, LLC)
I really learned how to understand the statement of cash flows!
Elizabeth Decker
(Contract Clerk at Lanphere Auto)
Very easy to understand and it's a step by step process made easy
Anonymous
(Accounting Manager)
Easy to follow overview of basic cash flow statement preparation.
Anonymous
(General Ledger Accountant)
Great Explanation. Would like to see complex Cash flow Analysis.
John Thompson
(CEO at westward mgt)
Would like to see answers to exam questions answered incorrectly
Anonymous
(Associate Director)
This course provided a good overview of the Cash Flow Statement.
Stephen Sylvester
( at Private)
Good course, especially if you prefer an example-based approach.
Anonymous
(Accountant II)
Examples were very helpful and easy to follow. Would recommend
Anonymous
()
The course is good but have to work through to get the concept.
Steven Moore
(Certified Management Accountant; CMA at ArdentAccounting)
good course of study for a quick review of the CFS...thanks!
S Marie Vernon
(- at --)
Great presentation! Simplified the Cash Flow Process for me.
Anonymous
(Program Management)
It would have been better if the questions were a bit harder.
Anonymous
(Auditor)
Great clear and concise recap of the statement of Cash Flows.
Anonymous
(Assistant Accountant)
Wonderfully concise and well explained. Very easy to follow.
Anthony Manochio
(External Reporting at Alico Inc.)
Very clear and concise analysis of statement of cash flows.
Bryan Oliver
(Senior Accounting Analyst at UMB Financial Corporation)
Solid course to learn the basics of the cash flow statement
Anonymous
(Manager)
Basic fundamental goof if you want to brush up your basics.
Erin Peabody
( at IIAT)
Very detailed but explained in an easy, common-sense way.
Prashant Shah
(Manager-FP&A at jda)
This is really a nice educational course on cash flows.
Murch Ewings
(- at -)
Cash flow statements are tough. Thanks for this course.
Anonymous
(Consultant)
Great review of preparing indirect cash flow statement.
Monte Smith, CMA
(Chief Financial Officer at Gerding Companies, Inc)
Good, methodical review. The worksheets were helpful.
Paul Phillips
(Finance at None)
Needed more information for the test. Okay though.
Lorna Fisher
(Retired Finance Professional with active.. at Retired and enjoying time to pursue pers..)
Very simple overview of cash flows. Well organized.
Anonymous
(Consultant)
Great quick review on the statement of cash flows.
Cynthia Poole
(Executive Director - Corporate Finance &.. at Buffalo Rock Pepsi Cola Co)
I just wish he had been my professor in college!!!
Anonymous
(Senior Financial Analyst)
I liked that it was straight and to the point.
Lisa Johnson
(Controller at Serena & Lily, Inc.)
very clear and easy to follow; nice workbooks
Anonymous
(Chief Financial Officer)
Nice review, but very basic. Presented well.
Anonymous
(Accountant)
Wish it showed which exam question was wrong.
Sami Jabra Seedhom
(Accounting Department Manager at Edrak Int. For Commercial Services)
Thank you very much for the valuable course.
Anonymous
(CPA)
An complete review with a lot of examples.
Wanda Richardson
(Unemployed at Not Applicable)
Presentation was simple and easy to follow.
Robert Godfrey
(CPA at Robert Godfrey, CPA)
Tricky, after so many years since college
Siva Vinay
(Interim Controller at Navona)
Very well presented to understand clearly
Anonymous
(None)
The information was presented very well.
Bette Shepherd
(CFO at D&S Green Services)
I like the exercises that were provided
Anonymous
(General Ledger Accountant)
Very comprehensive and educational.
Anonymous
(Consultant)
Great simple concise explanations.
Anonymous
(SVP, Finance)
Easy to follow and understand
Anonymous
(Treasury and Fixed Asset Accountant/Reco..)
Great example, easy to follow
Anonymous
()
good approach, step by step
Benjamen Adams
(Not Provided at Adams Group)
In depth and very helpful!
Anonymous
(Farm and Nursery Manager)
Nicely done course on SCF
Chris Robertson
(Snr Corporate Accountant at NetSuite)
Great introductory course
Anonymous
(-)
It was a very good course
Mark ODell
(Vice President of Finance at Innocare Ltd)
Good recap of cash flows
Jeff Wilhelm
(Director - Transaction Services at Yahoo!)
Basic for introductory.
Anonymous
(Financial Consultant)
good refresher course
Anonymous
()
Very good overview.
Hicham Jawhar
(Financial controller at Basement Systems Quebec)
I like this course.
Anonymous
(None)
Clear and concise.
Anonymous
(Controller)
Great Intro Course
Anonymous
(-)
good introduction.
Anonymous
(Director of Accounting and Finance)
Good overview...
Steve Breault
(Controller at LTC Partners)
Great examples.
Charles Elwis
(None at none)
Excellent review
Anonymous
(Accountant)
good refresher
Anonymous
()
Concise review
Matt Osmundsen
(Director of Financial Planning at Baldwin Technology Company, Inc.)
Great course!
Stephanie Kort, CPA
(Accounting Solutions Senior at EKS&H)
Great course!
Nicole Johnson
(Staff Consultant at EKS&H)
Very helpful!
Anonymous
(Accountant II)
Looks good.
Haley Gismondi
(CPA - Fund Accounting at Technology Crossover Ventures)
Helpful
Patrenia McAbee
(Owner at McAbee Consulting)
Good
Troy Kindle
(Learning and Development Manager at IFS )
ok !
Prerequisites
Course Complexity: Foundational
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
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 .