CPE course on the nuances of NFP financial reporting and how to successfully prepare a statement of cash flows.
Learning Objectives
Determine how to prepare, in accordance with GAAP, a statement of cash flows (SCF).;Differentiate between operating, financing, and investing activities.;Determine the effect of a certain transaction or significant event on the reporting entity's SCF.;Differentiate between direct method and indirect method cash flow statement and identify steps for successful completion of the statements under both methods.
Major Topics
GAAP industry-specific guidance;Industry best practices;Direct and indirect method;Classification (operating, investment, and financing activities);Reconciliation of change in net assets to cash balances;Effect of donor restrictions on cash flow reporting
