Statement of cash flows: FRS in preparing cash flows statements - Workshop 2017

Description

In order to get an inside look into the financial strength of a company, the cash flow statement is one of the most significant sources of companies.

Key topics covered

• The importance of cash flow statements
• An overview of the professional accounting standards FRS 7, including note disclosures
• The structure of cash flow statements
• Using both the direct and indirect method
• Analysing and reconstructing ledgers to obtain cash flow information/li>
• Prepare relevant disclosures required by FRS 7
• How to deal with GST
• Preparing consolidated cash flow statements involving the acquisition and disposal of subsidiaries, including the relevant notes to the accounts

This workshop is part of the Your Business & Finance Advantage Program and is eligible for funding support of 50% off the workshop fees. Eligibility conditions apply. Enter code YBFA50 at checkout. 

Trainer profile

Michél Herrmann

Michel has over 11 years of experience in financial reporting and accounting advisory. Prior to founding HERRMANN CONSULTING, Michel worked for PwC (PricewaterhouseCoopers) in Germany and Singapore where he was in charge of the accounting advisory business. During his time with PwC, he worked on various assignments including tax planning, SFRS/IFRS conversions projects, technical accounting advise, IPOs, SEC filings and due diligences across a wide variety of clients. Michel is also a regular speaker at financial conferences and seminars and since fall 2010 a Professor for "Advanced Accounting And Auditing" at the private University of Friedrichshafen (Germany). Michel received a masters degree from the University of Mannheim. He is certified as a German CPA, German Tax Advisor, US CPA and CA Singapore.

Learning objectives

• Identify the main issues involved with the internal convergence on cash flows, the concept of cash and cash equivalents, and the effect of foreign currency and GST on the cash flow statement 


• Understand the components of the cash flow statement and how to convert accrual data into cash flow data 


• Use the direct and indirect methods through practical examples, including note disclosures 


• Prepare a cash flow spread sheet by eliminating accrual based balance sheet and income statement data


• Prepare a comprehensive consolidated cash flow statement with associated notes incorporating both the acquisition and disposal of a subsidiary entity

Audience

This workshop is suitable for Accountants, Financial Managers, Finance Controllers and anyone who is interested in the key SFRS requirements and its application.