The exposure draft proposes extensive changes to ASC 958 in terms of how the financial statements are presented. One of the two biggest changes will be the format and organization of the statement of activity. Two specific intermediate measures of operation will be required. This course provides a detailed explanation of the changes proposed to the statement of cash flow. This course also describes new requirement to disclose expenses in a matrix format that lists the amount of each category of natural expenses which are allocated to of the functional categories. New quantitative and qualitative disclosures of liquidity are also explained. Upon completion of this course, the user should be able to: Identify the new requirement to present expenses by both natural and functional categories; Recognize options for where the natural and functional expense information may be presented; Identify changes in presentation of the statement of cash flow; Recognize the new qualitative and quantitative disclosures for liquidity.