Preparing Cash Flow Statements - Getting it Right

This workshop is designed to teach participants the correct way to prepare cash flow statements to comply with the requirements of FRS 7 – Statement of Cash Flows.

Key Topics

Benefits of preparing cash flow statements

Revelation of the short-cut techniques to prepare cash flow statements

• Format of cash flow statements using direct and indirect methods
• Cash flows from operating, investing and financing activities
• Meaning of Cash and cash equivalents
• Interest paid
• Accounting for acquisition and disposal of subsidiaries
• Non-cash transactions
• Foreign currency cash flows
• Disclosure requirements

Case Study 1

• Basic cash flow statements preparation

Case Study 2

• Cash flow statements preparation using both direct and indirect method

Case Study 3

• Consolidated cash flow statements including acquisition of subsidiary during the year

Case Study 4

• Accounting for foreign currency translation reserve movements arising from consolidation of foreign subsidiaries and consolidated cash flow statement