CPD Sorted Bookit

Getting the Statement of Cash Flows Right

Venue

Online Live Stream

Date

Tuesday 18 May 2021

Time

09:00 - 12:00 GMT+2

Information

With the use of automated financial statement drafting software the preparation of cash flow statements is often taken for granted with no more than a cursory check that it balances once the financial statements are drawn up. The reality of cash flow statements though is that they reflect the cash flow movements within the organisation and this information is not always readily obtainable from a mechanical summation of opening balances versus closing balances of line items that are contained on the entity’s statement of financial position. In addition there have been some changes to IAS 7 in recent years which have added to the level of disclosure that is expected in respect of movements in liabilities. This course will cover the requirements of the standard in respect of these matters and address their presentation and disclosure in the financial statements.

- IAS 7 Statement of cash flows

Presenter

Raymond Chamboko

Raymond trained with Coopers & Lybrand and Ernst & Young, where his portfolio of clients included listed multinational entities, public interest entities as well as other significant unlisted entities. After leaving the profession, he worked in commerce as Financial Director within a listed group of companies.

He has been involved in IFRS implementation projects for JSE-listed and public interest entities and has, over the years, gained significant experience in the interpretation and practical application of IFRS. His industry experience includes, amongst others, Agri-processing, Manufacturing, Mining and Public Utilities (Power & Water). He is a co-author of the publications Applying IFRS for SMEs and Wiley Interpretation and Application of International Financial Reporting Standards 2011.

He has also been involved in managing Sustainability Reporting projects and more recently in Integrated Reporting projects as well as required in terms of the King Code of Governance Principles for South Africa 2009 (King III) and has been involved in commenting on the proposed Framework for Integrated Reporting and the Integrated Report discussion paper that was issued by the Integrated Reporting Committee of South Africa.

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CPD Units

3 units on full attendance

Price

R 928

Booking Deadline

Tuesday 18 May 2021