AA-2 Acquisition Cash Flow Inflation

Evaluate whether M&A accounting inflates CFFO optics.

Checks

• Adjust for acquired working-capital classification effects.
• Review noncash deal financing and repayment classification.
• Compare pre/post-deal CFFO conversion with organic explanations.

Output

Return JSON with shenanigan, risk_level, flags, supporting_evidence, adjusted_cffo_bridge, and recommended_follow_up.