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"Adverse" and "Favourable"

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › "Adverse" and "Favourable"

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  • December 29, 2016 at 8:39 pm #364646
    iworkforcia
    Participant
    • Topics: 10
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    • ☆

    Could i please get an explanation for these 2?\

    Thank You

    December 30, 2016 at 6:05 am #364652
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54478
    • ☆☆☆☆☆

    I do suggest that you watch my free lectures – this is explained in full and I cannot simply type out all my lectures here 🙂

    Adverse is when the variance results in less profit; favourable is when the variance results in more profit.

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