CPATrader

I see your logic but I’m not certain it would work that way. correct me if I am wrong but for CFA purposes, I dont believe they ask us to reconcile the difference between GAAP vs IFRS as it relates to computation of FCFF. Having said that, wouldnt you have to factor in adjustments for capitalised interest on FCinv, different depreciation charges because of the diff in assets, and finally other adjustments made to CFO relating to different allocations to CFF/CFI? I guess what I’m getting at is, the adjustment is out of the scope for test purposes.