Thought I'd give this a try....hope it catches on.
I think one of the ways to becoming comfortable with FSA is knowing when and how to make adjustments in calculating the ratios. So why not create a comprehensive list.
I've started it off with a few off the top of my head, please post your own additions! I think this can really help!
Adjusting for...
*Goodwill:
subtract goodwill from assets and exclude goodwill impairment from income
*Sale of receivables
if without recourse then increase cash and decrease A/R
if with recourse then increase A/R to original amount and increase short term debt
a sale would also overstate CFO, so you would decrease CFO and increase CFF
