IFRS for SMEs – Section 7 Statement of Cash Flows
|CPD Hours:||Attendance at this seminar will secure 3 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
An often-neglected statement within a set of annual financial statements, is the Statement of Cash Flows. Many auditors don’t know their responsibilities around this statement or what the requirements are for presentation. Similarly, preparers of financial statements are seemingly unfamiliar with the options available when presenting a statement of cash flow and what needs to be contained therein. This session will help you align with the financial reporting requirements when preparing a cash flow statement.
• This session will address the following: o Are all entities required to prepare a cash flow statement? o What is a cash and cash equivalent? o What constitutes operating activities, and what options for presentation/calculation are available? o What is included in investing activities? o What will need to be considered as part of financing activities? o Examples of presentation
Audit mangers Audit partners Engagement Quality Control Reviewers Financial managers Auditors Bookkeepers Financial accountants
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