Preparing Cash Flow Statements (2024)

Content

Although most non-small companies (and many charities) need to prepare cash flow statements, they can prove challenging and error prone. This session will walk through the cash flow statement and cover the most common issues faced by preparers under UK GAAP. Topics covered will include:

• Understanding the elements of the cash flow statement
• Direct and indirect construction of operating cash flow
• Common errors in operating cash flow
• Common errors in investing and financing cash flows
• Reconciliation to net debt
• FX essentials – and how they impact the cash flow statement
• Group cash flow statements
• FRC Thematic reviews for accountants and auditors on this issue

Duration

1.5 hours (1 non-verifiable CPD units)

Speaker

Peter Herbert is a director of Insight Training. Peter qualified as a Chartered Accountant with an international accountancy firm before working in industry. With over 20 years of training experience, Peter writes and presents technical updates for managers and partners of national firms of accountants and qualified accountants in both the private and public sector. Peter specialises in financial reporting (UK GAAP and IFRS), auditing, practice regulation and company law. He has a particular interest in charity, academy and pension scheme accounting and audit.