ΠΕΡΙΓΡΑΦΗ

This seminar aims to provide a practical approach in understanding IAS 7 Statement of Cashflows, focusing on the preparation and classification aspects of Operating, Investing, and Financing activities of an entity that is not a financial institution or an insurance entity.

Participants will also gain practical insights into the future application of IFRS 18 Presentation and Disclosure in Financial Statements and its interaction with IAS 7. The session will also address key challenges, pitfalls, and compliance requirements, equipping professionals with the knowledge to apply IAS 7 effectively in financial reporting.

The case study covered in the seminar (Excel file) will be distributed to participants before commencement, allowing them to become familiar with the related information and attempt the preparation of a cashflow statement on an individual basis.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the course, participants will be in position to:-

• Understand the definition of cash and cash equivalents and their role in financial reporting.

• Classify cash flows accurately into operating, investing, and financing activities.

• Apply principles on offsetting cash inflows and outflows in the statement of cash flows.

• Present operating cash flows using both the direct and indirect methods.

• Account for the treatment of income taxes, sales taxes, and foreign exchange transactions in cash flow statements.

• Recognize cash flow implications of securities, loans, leases, and revenue from contracts with customers.

• Classify and present cash flows arising from business combinations and discontinued operations.

• Understand the impact of IFRS 18 and consequential amendments to IAS 7 on the preparation of cash flow statements.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is tailored for accountants and auditors from both group and individual company backgrounds. It is particularly suitable for professionals with qualifications or significant experience in the preparation, analysis, and presentation of financial statements.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Overview

Overview of IAS 7

• Definition of cash and cash equivalents
• Classification of cash flows as operating, investing or financing
• Recognition of Deferred Tax Liabilities and Assets
• Offsetting cash inflows and outflows in the statement of cash flows
• Presentation of operating cash flows using the direct or indirect method
• Income taxes and sales taxes
• Foreign exchange
• Securities and loans held for dealing or trading
• Revenue from Contracts with Customers
• Leases
• Application scenario
• Classification of cash flows arising from business combinations
• Cash flows from discontinued operations

Overview of IFRS 18 and consequential amendments to IAS 7 

• Summary / Questions and Answers

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.