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Cash Flow Manipulation – What You Need to Know
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Cash Flow Manipulation – What You Need to Know
Course Description:
This course provides an overview of how operating cash flow can be manipulated and the techniques companies use to make liquidity appear stronger than it is. It covers classification-based schemes, including reclassifying financing activities, factoring receivables, and using supplier finance programs. The course also examines timing-based methods, such as accelerating collections, delaying payments, and short-term window dressing. In addition, it explores transaction structuring techniques and how cash flow can be influenced through prepayments, structured settlements, and other arrangements. Finally, the course addresses disclosure and presentation strategies that can conceal cash flow issues, including aggregation, selective narrative disclosures, and the use of non-GAAP liquidity measures.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
- Identify methods for accelerating inflows and delaying outflows
- Recognize short-term window dressing techniques
- Determine potential long-term effects of timing-based strategies
- Distinguish routine cash management from timing-based manipulation
- Identify transactions designed to create the appearance of higher operating cash flow
- Recognize how contract structuring, third-party arrangements, and staged payments affect reported liquidity
- Determine when prepayments, deposits, or settlements may distort operating cash flow
- Differentiate legitimate transaction design from engineered arrangements intended to manipulate liquidity
- Identify disclosure practices that obscure cash flow trends
- Recognize aggregation and line-item presentation choices affecting liquidity
- Determine the impact of non-GAAP measures on interpretation
- Distinguish presentation from techniques that conceal cash flow issues
Course Number:
KC206
NASBA Field of Study:
Auditing
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
January 2026
CPE Credits:
4
Prerequisites:
None
Advanced Preparation:
None
KC206
NASBA Field of Study:
Auditing
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
January 2026
CPE Credits:
4
Prerequisites:
None
Advanced Preparation:
None
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