I’ve seen numerous questions from both Schweser and CFAI referring to “Funds From Operations (FFO)”. However, along with these numerous questions I’ve also seen it defined multiple ways including: FFO = EBIT FFO = NI + NCC Can someone clarify what FFO actually is? Thanks.
http://www.answers.com/topic/funds-from-operations-ffo CFA uses the same words in different context. I would suggest that you see the question, think what it is actually asking and then try to answer it.