marsilni

rusbus1 is correct. I have never seen it used in a ROE/ROCE calculation in CFA Level 1.

However you do treat Deferred tax liabilities as equity if you do not expect them to reverse, so theoretically you could include it.

Edit: I would only include it if the question stated/implied that the DTL was not expected to reverse.



Edited 1 time(s). Last edit at Thursday, August 6, 2009 at 05:47AM by soddy1979.