Understanding Cash Flow Games Companies Play ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This course looks at the ways companies can influence operating cash flow and make liquidity appear stronger than it really is. It covers common methods, including reclassifying activities, factoring receivables, and using supplier finance programs. Timing-based tactics, such as accelerating collections or delaying payments, are also reviewed. The course examines how transaction structures, prepayments, and other arrangements can affect cash flow. Finally, it highlights disclosure and presentation practices that can hide liquidity issues, including selective narrative disclosures and the use of non-GAAP measures.
Highlights
Routine cash management strategies. Transaction structuring. Financial reporting choices.
Prerequisites
None.
Designed For
Auditors, CPAs, CEOs, and other accounting professionals.
Objectives
Identify ways cash flow can be misclassified or timed to make liquidity appear stronger. Recognize the impact of reclassifying activities, factoring, and supplier finance on operating cash flow. Differentiate routine cash management from strategies designed to manipulate liquidity. Determine how transaction structuring, prepayments, and staged arrangements can affect reported cash flow. Identify disclosure and presentation practices that can obscure cash flow trends. Recognize the effect of aggregation and non-GAAP measures on interpreting liquidity. Distinguish legitimate financial reporting choices from techniques intended to mislead.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $67.00
Member Price $58.00