While often overlooked, the statement of cash flows is perhaps the most important financial statement! Proper presentation begins with understanding what qualifies as cash and cash equivalents (and what does not) and how to classify cash flows into operating, investing, or financing activities. In this self-stud CPE course, we’ll refresh these important concepts of the statement of cash flows, which is governed by ASC 230. After that, you'll dive deeper into some of the common implementation issues when preparing a statement of cash flows. This includes topics such as classification, industry-specific considerations, the impact of business combinations on the statment of cash flows, foreign currency and the statement of cash flows, and more!