If you simply make the waterfall & put it in the tank, there's a really good chance it'll be harmful to your frogs. Cement is made from crushed limestone, and has a TON of lime in it. It is a very alkaline product. If you cure it underwater, like he suggested, it will not only make it stronger, but leech out much of the lime in it.
I would suggest buying a pH testing kit for aquariums- either the drop kind, or the kind where you just dip the pH paper in water. You can buy these from pool supply companies as well, and this may be cheaper.
After the cement sets a little bit, put it in water, and change the water daily. It might be usable in as little as a week, or it could take as much as a month before it is usable. I've also heard that adding salt to the water will make it cure faster. Buy some rock salt (even epsom salt) and add it to the water to do this. Oh- and if the water is moving, it cures that much faster, too. A lot of people who use cement in aquaria put an air bubbler in the bottom of the bucket with the saltwater & cement in it, so that it makes a bit of a current in the water.
Now, none of this is as important with amphibians as it is with fish who breathe the water, but, mind you, dart frogs can occasionally be found sitting in pools of water in their tanks (depending on the species), and if this water is alkaline, they will be absorbing it through their skin, and it can burn them.
I don't know if there's any truth to this or not, but I've heard that cement that isn't properly cured will leech so much lime into water that it can actually cause chemical burns on human skin, let alone amphibians that absorb as much water as they do through their skin!
And even if it doesn't harm your amphibians, the change in pH in the water & surrounding substrate may be enough to kill off any plants, mosses, beneficial bacteria & organisms in the soil, etc. . . in the tank.