From: My Webinars Ltd.

Topic: INTERNATIONAL ACCOUNTING STANDARDS

             The Statement of Cash Flow

When:  3 February Friday @ Eastern Europe 17.00pm-20.00pm,

                                             @ Greenwich 15.00pm-18.00pm,

                                             @ East Coast 10.00am-13.00pm

Lecturer: Sam Drimakis 

Prof.  Sam Drimakis 

was Assistant Professor in University of Indianapolis Athens Campus teaching Accounting and Computer Applications for the graduate and undergraduate studies (February 1999–June 2013). Now he is a financial consultant in various companies and lecturer in accountancy.

Seminar location: Live streaming in the interactive platform of my webinars in the address www.mywebinars.co.uk

Why attend this webinar:

The purpose of cash flow is to identify where the cash is coming from and where the cash is going to in a business. It will show beginning cash balance and ending cash balance.

One asks so what! We can obtain this information from the balance sheet cash account in the beginning of the year and the balance sheet cash account at the end of the year.  What is more important is that the Statement of Cash Flow shows the change of cash flow by breaking it out in various activities such as operating, investing, and financing.

Think about this situation. Sales on credit  are made with a debit to Accounts Receivables.  The Accounts Receivable is not collected quick enough to generate cash resulting in a negative cash flow from a business operating activity. The business obtains a loan from its financing activities making the overall cash flow positive for the year.  This raises a red flag if the company has negative cash flow from its operations year after year so there is a need to correct this problem, because companies do go bankrupt when they run out of cash, and they are borrowing cash to keep afloat. “Cash is King”, the most important thing.  The Statement of Cash Flow is an important statement showing the business cash flow  liquidity.

Ok having stated this, before you start this seminar, you must have the following prerequisites:

•      Know the accounting differences between accrual and cash basis.

•      Corporation's Statement of Financial Position items.

•      Corporation's Profit and Loss Statement items.

After this seminar you will be able to:

•      Observe the usefulness of Statement of Cash Flows.

•      Prepare the Statement of Cash Flows using the Indirect method. (Direct method will be mentioned.)

•      Distinguish the types of Cash Inflows and Cash Outflows.

•      Having Statement of Cash Flows to be analyzed.

      In conclusion, after this seminar is given you will understand the need of the Statement of Cash Flow in your year-end business financial reporting.

IMPORTANTE NOTE: After lecturing there will be a question-answer session. When the Seminar finishes, in a few hours, you can download all the notes that lecturer has provided to us and all the questions and answers of the seminar.