The statement of cash flows is one of the most important, if not the most important, financial statements prepared by an entity. Of particular focus on this statement is the cash flow from operations which presents the amount of cash an entity is generating from its core business operations. This course provides an overview of the requirements for preparing a statement of cash flows and discusses many other key cash flow related topics in additional detail. The accounting requirements with respect to the statement of cash flows is prescribed within ASC Topic No. 230.

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.
Last updated/reviewed: August 21, 2023
5 Reviews (26 ratings)


Member's Profile
Excellent overview of the statement of cash flows, its components, and how to prepare it. Well organized discussion, including definitions and relevant guidance.

Anonymous Author
This was a good course. Easily followed and with a good source reference needed in order to complete the exam.

Member's Profile
Very helpful outline of cash flow topics and associated codified guidance.

Member's Profile
It's very good material. Very easy to follow and read. Great course

Member's Profile
Good course to review cashflow statement preparation process

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
  What You Need to Know About Cash Flow (Text Based Course)PDF