IFRS: Statements of Cash Flows (IAS 7) and Interim Reporting (IAS 34)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This course addresses requirements of IAS 7, Statement of Cash Flows, including the following:

• Format of the cash flow statement.
• Categories of cash flows (operating, investing, and financing).
• Disclosure requirements.

This course also addresses the requirements of IAS 34, Interim Reporting, including the following:

• Minimum content of an interim financial report, including disclosures.
• Accounting recognition and measurement principles under interim reporting
• Special considerations for revenue, costs, use of estimates, and restatements.
• This course includes interactive learning elements and illustrative exercises with solutions.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Highlights

Key Topics

• The Statement of Cash Flows
• Direct method
• Indirect method
• Operating, investing, and financing activities
• Interim reporting

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Designed For

Who Will Benefit

• Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS

Objectives

Learning Outcomes

• Recognize the format of the statement of cash flows.
• Distinguish cash flows as being related to financing, investing, or operating activities.
• Identify required disclosures for a statement of cash flows.
• Recognize the format of the IFRS-required financial statements.
• Identify components of the statement of cash flows and related presentation requirements.
• Identify the requirements for interim reports.