Is it possible CFAT & ERAT not to be included in CFA books?
they are in there. Those are some of the nastiest formulas in L2
look at the bright side. it’s not an extra derivatives calculation. =D
whats so bad? CFAT = NOI - debt service - taxes ERAT = Net selling price - mortgage payable - minus taxes
ERAT , cap gains and depr recap likely to be different.