Program Description: The objective of the course is to enable participants to comprehend the accounting for the statement of cash flows under ASC 230, with a focus on the classification of cash receipts and cash payments. This program utilizes practical examples and case studies from different industries to demonstrate the preparation and presentation of a complete statement of cash flows. It addresses the latest updates, implementation challenges, and disclosure requirements, ensuring participants can confidently apply ASC 230 – Statement of Cash Flows principles in their professional roles. The course also covers in-depth topics such as the classification of operating, investing, and financing activities, treatment of non-cash transactions, and the reconciliation of net income to net cash provided by operating activities.

Course Coverage:

•  Overview of ASC 230
•  Classification of operating, investing and financing activities
•  Direct method vs. indirect method of reporting
•  Non-cash transactions and disclosure requirements
•  Specific Issues
•  Disclosure + IFRS & US GAAPs

Learning Objectives:

• Recognize the principles that govern the classification of cash flows into operating, investing, and financing activities under ASC 230.
• Distinguish between cash and non-cash transactions and understand the appropriate disclosure requirements for non-cash Transactions.
• Apply the rules to classify specific cash receipts and cash payments, including those that may have characteristics of more than one category.
• Understand how to prepare and present the statement of cash flows, including the direct and indirect methods for reporting operating activities.
• Comprehend the criteria used to determine the appropriate classification of cash flows, such as foreign currency transactions.

Passing Score: 70%

Validity of the course: 1 year from date of enrolment

Available from: August 2025

Available Discount: Group discounts of 10% available for 5 or more participation

Last Updated: August 2025

Program Registration: To register for the program, please visit www.eyvirtualacademy.com and click on Add to Cart to register for the program.

Program Access: The participants will have access to the program for a period of 1 year starting from the date of enrolment.

Keywords: Statement of Cash Flows, Operating Activities, Investing Activities, Financing Activities, Direct Method, Indirect Method, Non-Cash Transactions, Restricted Cash, Cash Equivalents, Reconciliation, Disclosure Requirements, Financial Statement Presentation, US GAAP, Accounting, Online Learning, CPA, CPE, Certification.

Special Notice:

• Ernst & Young Associates LLP-India 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
• CPE credits will be awarded upon successful completion of the content and passing the exam on securing 70% or above.
• Each Participant has the flexibility to take unlimited attempts to clear the assessment.
• Contact Ernst & Young Associates LLP-India (askeyexpert@in.ey.com) for assistance.

Complaint Policy: For any content related query, you may write to askeyexpert@in.ey.com. For any complaints you may connect with chandra.kargeti@in.ey.com. Escalation: neha.tuteja@in.ey.com

Refund Policy: We do not offer refunds once the participants have accessed any course materials. Course material includes videos, content, quizzes and assessments.