pesilight

Cash flow from investing activities include long-term & short-term investment , Fixed Assets purchasing and any gains or losses from disposal.

 

If we use Cash Flow Statment to calculate FCFF, we should less out "FCInv" and this part is just refering  to" Cash Flow form Investing Activities".

 

Therefore, in CFA exam, I think they are the same.

[此贴子已经被作者于2010-5-5 17:28:02编辑过]