Preparing Financial Statements and Analysis

Interpreting Cash Flow Statements (Updated)

Course Overview:
This course provides tools and techniques for interpreting the statement of cash flows. A variety of ratios and other analytical tools are used to explore the wealth of information available in this significant component of an entity's audited financial statements. The material covered in this course is applicable to independent auditors, internal auditors, entity management, investors, analysts, and lenders.

Learning Objectives:

After completing this course, the course participant should be able to:
  • Identify the components of the statement of cash flows.
  • Recognize the presentation methods of the statement of cash flows.
  • Distinguish GAAP net income from cash flows from operations.
  • Determine ratio analysis techniques for evaluating cash flow. 
  • Identify additional analytical tools for unlocking the information available in the statement of cash flows.

Content Partner:

SmartPros Ltd.

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.

Prerequisites/Advanced Preparation:


Speakers / Authors:

Nicholas G. Apostolou is Professor Emeritus in the Accounting Department at Louisiana State University. He has received numerous awards for teaching financial accounting to MBA students and has published over 100 articles and ten books on various accounting and investing topics.

Susan Knight, CPA, CGMA, FHFMA, holds an MS degree in Accounting. She is the Chief Operating Officer at a hospital-based healthcare organization in Louisiana. Her experience includes Big Four public accounting and financial management positions in securities, healthcare, and real estate development. She has served as adjunct accounting faculty at Florida Atlantic University.”

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Windows or Mac OS


Price (USD)

Standard Rate: $49.90


Course Code : 99KNI01

Release Date : 04/27/2015
Expire Date : 12/31/2020
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Basic
Course Type : New Standards
Passing Grade : 70%
Format Type : eLearning
Field Of Study : Accounting

Theme : Preparing Financial Statements and Analysis

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