IAS 7 Cash flow statements


According to IFRS a complete set of financial statements consists of five statements, all of which should be presented with equal prominence. One of the statements is the cash flow statement. Detailed requirements for cash flow statement presentation and disclosure are dealt with in IAS 7 - Statement of cash flows standard. 

The success, growth and survival of an entity depend not only on profit, but also on the entity's ability to generate or otherwise obtain cash. A cash flow statement helps you understand how the entity generates and uses cash and can also indicate the amount, timing and certainty of future cash flows. This course will walk you through the main concepts and elements of statement of cash flows using practical examples and interim tests to enhance understanding.

This course will enable you to:

  • identify cash equivalents and non-cash items
  • distinguish the two approaches (direct – indirect) to produce cash flows from operations
  • classify transactions into the main categories of cash flows
  • understand the cash flows from operating activities
  • understand the cash flows from investing activities
  • understand the cash flows from financing activities
  • identify basic steps of preparing statements of cash flows based on the IAS 7 standard
  • review IAS 7 standard's disclosure requirements

Further information:

  • Training hours: 60 minutes 
  • Languages: English, Hungarian, Russian, Serbian, Croatian

This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.


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Contact us

Ana Cetkovic

Ana Cetkovic

PwC's Academy Coordinator, PwC Montenegro

Tel: +382 67 643 304