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he US GAAP definition of "operating activities" differs from that used by financial analysts. However, cash flow disclosures enable a user to correct this problem. Explait This is only an issue for the direct method This is only an issise for the indirect method. Interest poid and taxes paid are required disclosures and can be added back to operating cash flows to determine a cash EBITDA measure. IFRS permits reporting a measure of cash flow that is consistent with the term 'operations: as used in financial analysis. IFRS defines operations in the same way as US GAAP and creates the same problem. US GAAP uses a definition of operations that is more correct than that used by financial analysts