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  • videocam Live Online with Live Q&A
  • calendar_month November 3, 2025 @ 1:00 p.m. ET./10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Accounting
  • schedule 110 minutes

Cash Flow Statements: Preparing and Reconciling, Defining Cash, Direct vs. Indirect Methods, Classifying Transactions

$197.00

This course is $0 with these passes:

CPE
ALL
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Description

The cash flow statement may be the most complex and least understood of the primary financial statements. It is wrought with choices and classification issues that practitioners must consider. The first hurdle is defining cash. According to ASC 230, cash includes "not only currency on hand but demand deposits with banks or other financial institutions." Also considered cash are cash equivalents that are: "(a) Readily convertible to known amounts of cash (b) So near their maturity that they present insignificant risk of changes in value because of changes in interest rates." Additionally, cash could be restricted or not and should be reported accordingly.

Once accountants determine what is included as cash, they must decide whether the indirect or direct method is better or required. Then, each cash transaction must be reported within the appropriate section of the statement, either investing, financing, or operating. The classification of an item is not always easily determined, and transactions can appear in more than one section. The purchase of a business, the sale of equipment or property, and theft or casualty losses can be difficult to classify. Perhaps the most troublesome aspect comes after all transactions are classified, and the accountant has a draft of the cash flow statement. The statement itself must reconcile and reconcile with the other financial statements presented.

Listen as our panel of A&A experts guides accounting and auditing professionals through preparing cash flow statements with a particular emphasis on reconciling this intricate statement.

Presented By

Meg Hampton
Partner
Frazier & Deeter

Ms. Hampton has over 12 years of experience in public accounting, providing audits, reviews, compilations, and preparations of financial statements to clients in various industries. She is certified as a Peer Review Captain and works with the peer review team to provide value to firms around the country. In addition to these services, Ms. Hampton has several years of experience in solutions and tax and provides support to clients in these areas. Her industry focus includes government contracting, employee benefit plans, construction, and not-for-profit agencies.​

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Steve Sledge
Partner
Frazier & Deeter

Mr. Sledge, CPA, MAcc, brings over three decades of experience in audit, technical accounting, and leadership. Throughout his distinguished career, he has been recognized as a strategic problem-solver with deep expertise in financial statement audits, risk assessment, and client service team leadership. Mr. Sledge's background includes working with organizations of all sizes, from startups to large public companies, often within private equity ownership structures. He has a strong technical foundation in complex accounting matters such as business combinations, stock-based compensation, income taxes, and equity and debt transactions. Mr. Sledge's leadership extends beyond client engagements—he has mentored numerous professionals, facilitated training and CPE programs, and contributed to internal quality review programs to ensure compliance with professional standards.

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Monday, November 3, 2025

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Introduction: purpose of cash flow statements

II. Guidance—FASB ASC 230 Statement of Cash Flows

III. Methods

A. Direct

B. Indirect

IV. Sections of the cash flow statement

V. Special items

VI. Disclosures

VII. Reconciliation and worksheets

VIII. Common errors

IX. Illustrative examples

The panel will cover these and other critical issues:

  • Reconciling the entries of the cash flow statement
  • When the direct method should be selected for preparation of the cash flow statement
  • Common errors to avoid when preparing the cash flow statement
  • Reporting special items on the cash flow statement
  • Required cash flow statement disclosures


Learning Objectives

After completing this course, you will be able to:

  • Determine steps to expedite completion of the cash flow statement
  • Identify components of the financial section of the cash flow statement
  • Decide when the direct method must be used for the cash flow statement
  • Ascertain how to classify certain complex transactions on the statement of cash flows


  • Field of Study: Accounting
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience, preparing reviewed, compiled, and audited financial statements and the relative disclosures. Specific knowledge and understanding of GAAP, SSARS, and peer review policies.


BARBRI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Strafford-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .