Welcome to the IAS 7 Statement of Cash Flows (Updated in 2016) e-learning module

This module covers the background, scope and principles under IAS 7 Statement of Cash Flows and the application of this Standard. The module incorporates amendments to IAS 7 issued in January 2016. By completion of this module, you will be able to:

  • Classify cash flows as operating, investing and financing activities, including interest, dividends and income taxes
  • Describe the two presentation methods (direct and indirect) of the statement of cash flows
  • Identify the cash flows relating to the investments in subsidiaries, associates and joint ventures to be presented in the consolidated statement of cash flows
  • Classify the cash flows arising from changes in ownership interest in the statement of cash flows and describe the relevant disclosure requirements under IAS 7
  • Describe the disclosure requirements for components of cash and cash equivalents, non-cash transactions related to leases, foreign currencies and financial instruments

The duration of this module is about 1 hour and there is an assessment at the end of the module to test your knowledge.

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