(FCF related to future services)
The formula for LRC is (FCF related to future services) + CSM under GMA (quiz3 -2)
Is (FCF related to future services) the same thing as FCF?
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The formula for LRC is (FCF related to future services) + CSM under GMA (quiz3 -2)
Is (FCF related to future services) the same thing as FCF?
Comments
Yes, because for LRC the entire liability is related to future services. (Liabilities related to services already provided would be classified as LIC.)