Programme Objective
Gives participants a different perspective of looking at the cash flow statements. Discusses some common pitfalls in preparing cash flow statement for both separate and consolidated financial statements.
Cash flow statements is the window to the company’s future years as it shows how the company is generating and using its funds. It is one of the key performance metrics used by investors in assessing any liquidity and going concern issues of an entity. Being a principle-based standard, there is currently diversity in the application of requirements of FRS 7, ranging from what constitutes cash and cash equivalents to presentation of various activities between operating, investing and financing. This primary statement is a valuable reporting tool for the management, investors, and creditors alike, in making decisions surrounding liquidity and cash flow matters.
This half-day workshop is designed to iron out some of the common pitfalls and misconceptions in the preparation of cash flow statements complying with FRS 7. The work shop will be conducted through theoretical discussion based on FRS 7 and presentation of examples based on actual practice.
The workshop leaders are from the Accounting and Financial Reporting Advisory Services of PwC Singapore who are IFRS specialists with extensive experience in providing accounting advice to clients facing judgement areas in accounting standards on a day-to-day basis.
Programme Outline
- What constitutes cash and cash equivalents and the rationale underlying classification regarding investments?
- How to determine operating cash flows, and what are considered non-cash transactions?
- What are the challenges of classification between operating, investing, and financing cash flows?
- What are the common pitfalls in preparing the cash flow statements –explained with the aid of a case study?
- Recent feedback from regulators on common errors in cash flow statement presentation.
- Recent amendment to FRS 7.
Training Methodology
Classroom style with quizzes
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
CFOs, Finance Managers, Controllers, Supervisors, Accountants, Analysts, Investor Relations, Financial Planning, Procurement, Treasury, Investors and Internal Auditors at all levels
Competency Mapping
Category 1 = 3.50 Hours
Schedule & Fees
Date & Time
30 Sep 2019 (9:00 AM - 12:30 PM)
Registration is closed
Programme Facilitator(s)
Senthilnathan Sampath
Date & Time
26 Jun 2018 (9:00 AM - 12:30 PM)
Registration is closed
Programme Facilitator(s)
Senthilnathan Sampath
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Senthilnathan Sampath
Managing Director
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
Programme Objective
Gives participants a different perspective of looking at the cash flow statements. Discusses some common pitfalls in preparing cash flow statement for both separate and consolidated financial statements.
Cash flow statements is the window to the company’s future years as it shows how the company is generating and using its funds. It is one of the key performance metrics used by investors in assessing any liquidity and going concern issues of an entity. Being a principle-based standard, there is currently diversity in the application of requirements of FRS 7, ranging from what constitutes cash and cash equivalents to presentation of various activities between operating, investing and financing. This primary statement is a valuable reporting tool for the management, investors, and creditors alike, in making decisions surrounding liquidity and cash flow matters.
This half-day workshop is designed to iron out some of the common pitfalls and misconceptions in the preparation of cash flow statements complying with FRS 7. The work shop will be conducted through theoretical discussion based on FRS 7 and presentation of examples based on actual practice.
The workshop leaders are from the Accounting and Financial Reporting Advisory Services of PwC Singapore who are IFRS specialists with extensive experience in providing accounting advice to clients facing judgement areas in accounting standards on a day-to-day basis.
Programme Outline
- What constitutes cash and cash equivalents and the rationale underlying classification regarding investments?
- How to determine operating cash flows, and what are considered non-cash transactions?
- What are the challenges of classification between operating, investing, and financing cash flows?
- What are the common pitfalls in preparing the cash flow statements –explained with the aid of a case study?
- Recent feedback from regulators on common errors in cash flow statement presentation.
- Recent amendment to FRS 7.
Training Methodology
Classroom style with quizzes
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
CFOs, Finance Managers, Controllers, Supervisors, Accountants, Analysts, Investor Relations, Financial Planning, Procurement, Treasury, Investors and Internal Auditors at all levels
Competency Mapping
Category 1 = 3.50 Hours
Programme Facilitator(s)
Senthilnathan Sampath
Managing Director
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
