Statement of Cash Flows

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1.5 Credits

A statement of cash flows is necessary to comply with GAAP, which is required of for-profit and not-for-profit (NFP) businesses alike. However, NFPs are required to comply with unique industry-specific guidance that applies only to them. This CPE course offers you detail-rich examples and case studies. Learn the nuances of NFP financial reporting and get the information you need to successfully prepare a statement of cash flows.


  • Determine how to prepare, in accordance with GAAP, a statement of cash flows (SCF).
  • Differentiate between operating, financing, and investing activities.
  • Determine the effect of a particular transaction or significant event on the reporting entity's SCF.
  • Differentiate between direct method and indirect method cash flow statement and identify steps for successful completion of the statements under both methods.

Major Topics

  • GAAP industry-specific guidance
  • Industry best practices
  • Direct and indirect method
  • Classification (operating, investment, and financing activities)
  • Reconciliation of change in net assets to cash balances
  • Effect of donor restrictions on cash flow reporting

Designed For

CPAs, financial professionals and NFP staff and board members looking to deepen their existing knowledge of NFP financial responsibility, and set themselves apart as a leader in this field
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