events | 01 February 2021

Statement of Cash Flows: A Practical Perspective

The statement of cash flows is also a crucial planning tool for any business’s long term success and it portrays a comprehensive view of the sources through which cash flowed into the entity and how cash was utilized.

Course Description:

The statement serves as a source for a number of key performance indicators which are often overlooked and is a key tool in making future projections and identifying any future funding needs. Even the most profitable companies at times face liquidity issues which become most apparent to stakeholders through the statement of cash flows.

The interactive session will begin by briskly highlighting some of the key concepts and disclosure requirements as set out by IAS 7 – Statement of cash flows and includes some practical examples demonstrating the concepts explained. A practical demonstration will follow, presenting a working model used to prepare the statement of cash flows under the indirect method. The session will include a number of issues and scenarios commonly met in practice.

Target Audience:

The session is best suited for professionals working within an accounting function preparing financial statements for entities adopting the International Financial Reporting Standards (IFRS) framework and for Medium-sized entities reporting in line with the General Accounting Principles for Small and Medium-Sized Entities (GAPSME) where the preparation of a statement of cash flows is mandatory. It is also suitable for recent graduates and university students who are interested in putting theory into practice by learning a practical excel model used to prepare the statement of cash flows.

Learning Outcomes:

By the end of the session participants would be knowledgeable of key concepts and principles set out by IAS 7 – Statement of cash flows. The participant would also gain insight on tackling certain contentious issues commonly met in practice and become conversant with a practical excel-based model which facilitates and expedites the preparation of the statement of cash flows.

Pre-Requisites:

Some basic knowledge or experience on the preparation of statement of cash flows is recommended.

Date: 21/10/2021

Time: 14:00 – 16:45 (including 15 minutes break and Q&A)

Venue:Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €40

CPE Hours: This course qualifies for 2.5 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Kindly note that this session entitles the attendee to 2.5 KPMG Loyalty Rewards. After collecting 60 Loyalty Rewards, attendees will be entitled to a free CPE session of their choosing. Visit our Loyalty Rewards page to learn more.

Moreover, for every three courses booked from our KPMG Learning Suites, attendees receive a discount voucher of 40% to be redeemed on their next course purchased from any Learning Suite!

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Cooperation Partners
  • Malta Employers' Associations
  • Malta Association of Credit Management