CF-1 Financing to Operating

Test whether operating cash flow is inflated by financing sources.

Checks

• Quantify AR factoring/securitization effects and adjust CFFO.
• Review supply-chain finance/reverse factoring and payable reclassification effects.
• Identify borrowings or note structures that may create operating-like optics.

Output

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