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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Kaplan extra questions
1. Could you please explain what effective interest rate is?
It is described on the book that it includes the effect of compounding. I thought it was compound interest. Could you please clarify the difference between effective and compound interest?
2. When you are calculating the volume variance, do you calculate the difference between flexed and original of sales or profit (loss)?
Thank you for your help.
Both of these are explain in full in my free lectures. The lectures are a complete free course for Paper F2 and cover everything need to be able to pass the exam well – I cannot type out all the lectures here 🙂