Hi Sunny,
Me too a newbie in the field of investing, I have learned only DCF using FCF & I think that makes clear sense to me. Since the abbreviation of DCF is Discounted Cash Flows and accural earnings can be fudged, we should use FCF only. For detailed explanation refer https://janav.wordpress.com/2014/10/12/accounting-for-value-1/
Regards,
Sunny Malhotra
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