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BAR Miles Business Analysis and Reporting Supplemental Course

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  1. WELCOME! PLEASE START HERE.

    1. Welcome to Farhat Lectures
  2. 2. How to Use This Course & Resources
  3. 3. Choosing the Right CPA Discipline
  4. 4. CPA Exam Study Tips & Common Questions
  5. 🚀Introduce Yourself
    1 Topic
  6. 🚨🚨🚨2026 AICPA Released Questions
    1 Topic
  7. B1:M1: ENTERPRISE RISK MANAGEMENT FRAMEWORK
    📖Governance & Culture ERM
    2 Topics
  8. 📖Strategy & Objective Setting ERM
    2 Topics
  9. 📖Performance & Risk Severity
    2 Topics
  10. 📖Risk Review (ERM)
    2 Topics
  11. 📖Information, Communication & Reporting (ERM)
    2 Topics
    |
    1 Quiz
  12. 📖Application Of ERM Into ESG
    2 Topics
    |
    1 Quiz
  13. 🎯Comprehensive Test: Enterprise Risk Management Framework ERM Complete After reviewing Farhat and Becker
    1 Quiz
  14. 🚨🚨HOW TO SOLVE SIMULATIONS (TUTORIAL + VIDEO EXAMPLES)
    ✅ BAR CPA Exam Simulation Tutorial + 2024 and 2025 AICPA Video Questions. Miles
    10 Topics
    |
    2 Quizzes
  15. B1:M2: FINANCIAL RISK MANAGEMENT
    📖Trade-Offs Between Risk & Return
    2 Topics
  16. 📖Systematic & Unsystematic Risk
    2 Topics
    |
    1 Quiz
  17. 📖Currency Exchange Rate Risk
    2 Topics
  18. 📖Mitigating Foreign Currency Exchange Rate Risk
    2 Topics
  19. 📖Financial Risks
    2 Topics
    |
    1 Quiz
  20. 📖Time Value Of Money: Simple Vs. Compounding. APR Vs. EAR
    3 Topics
    |
    1 Quiz
  21. 📖Present Value Of Single Amount
    4 Topics
    |
    2 Quizzes
  22. 📖Present Value Of Annuity
    4 Topics
  23. 📖Future Value Of Annuity
    5 Topics
    |
    1 Quiz
  24. 📖Present Value Of Bond Computation & Deferred Annuity
    6 Topics
  25. B1:M3: MARKET INFLUENCES ON BUSINESS
    📖Law Of Demand & Supply
    4 Topics
    |
    2 Quizzes
  26. 📖Market Equilibrium
    2 Topics
    |
    1 Quiz
  27. 📖Price Elasticity Of Demand & Supply
    4 Topics
    |
    1 Quiz
  28. 📖Cross Elasticity & Income Elasticity Of Demand
    4 Topics
    |
    1 Quiz
  29. 📖Inflation & Investments
    4 Topics
    |
    1 Quiz
  30. 📖Michael Porter Competitive Strategies
    2 Topics
    |
    1 Quiz
  31. 📖Porter’s Five Forces
    2 Topics
    |
    1 Quiz
  32. 📖SWOT Analysis
    2 Topics
    |
    1 Quiz
  33. B1:M4: INTERNATIONAL BUSINESS OPERATIONS
    📖Introduction To International Trade
    2 Topics
    |
    1 Quiz
  34. 📖Structuring International Operations
    2 Topics
    |
    1 Quiz
  35. 📖Exchange & Economic Risks In International Operations
    2 Topics
    |
    1 Quiz
  36. 📖Influences On International Operations
    2 Topics
    |
    1 Quiz
  37. B1:M5: THE ECONOMIC EFFECT OF SIGNIFICANT TRANSACTIONS
    📖Mergers & Acquisitions
    2 Topics
    |
    1 Quiz
  38. 📖Divestitures
    2 Topics
    |
    1 Quiz
  39. 🎯Comprehensive Test: Economics Questions + AICPA Previously Released Questions
    3 Quizzes
  40. B2:M1: CAPITAL STRUCTURE
    📖Capital Structure Components
    2 Topics
    |
    1 Quiz
  41. 📖Cost Of Debt & Cost Of Preferred Stock
    2 Topics
    |
    1 Quiz
  42. 📖Capital Asset Pricing Model
    2 Topics
  43. 📖Cost Of Retained Earnings
    2 Topics
  44. 📖Bond Yield & Risk Premium (BYRP)
    2 Topics
    |
    1 Quiz
  45. 📖Weighted Average Cost Of Capital (WACC)
    2 Topics
    |
    1 Quiz
  46. 📖Optimal Capital Structure
    2 Topics
  47. 📖Growth & Profitability
    2 Topics
    |
    1 Quiz
  48. 📖Financial Leverage
    2 Topics
  49. 🎯AICPA Questions: Capital Structure
    1 Quiz
  50. B2:M2: WORKING CAPITAL MANAGEMENT
    📖Cash & Receivables
    2 Topics
    |
    1 Quiz
  51. 📖Pledging / Selling Recivables
    6 Topics
    |
    2 Quizzes
  52. 📖Cost Flow Assumptions – FIFO, LIFO & Weighted Average
    4 Topics
  53. 📖Economic Order Quantity
    2 Topics
  54. 📖Reorder Point & Safety Stock
    2 Topics
  55. 📖Just In Time Management
    2 Topics
    |
    1 Quiz
  56. 📖Accounts Payable Management
    2 Topics
    |
    2 Quizzes
  57. 📖Letter of Credit
    2 Topics
  58. 📖Short-Term Vs Long-Term Financing
    2 Topics
  59. 🎯Comprehensive Test: Working Capital Management + AICPA previously released Questions
    2 Quizzes
  60. B2:M3: FINANCIAL VALUATION METHODS
    📖Basics Of Stock Options
    2 Topics
  61. 📖Bonds & Bonds Valuation
    2 Topics
  62. 📖Common Stock Valuation
    4 Topics
    |
    1 Quiz
  63. 📖Components Of Required Rate Of Return
    2 Topics
    |
    1 Quiz
  64. 📖Stock Valuation Using Multiples
    2 Topics
    |
    1 Quiz
  65. 📖Valuation Using Accounting Estimates
    2 Topics
    |
    1 Quiz
  66. 📖Fair Value Measurements
    2 Topics
  67. 📖Fair Value Of Financial Assets/Liabilities
    2 Topics
  68. 📖Fair Value Of Non-Financial Assets
    2 Topics
  69. 🎯Comprehensive Test Security Valuation + AICPA Questions
    2 Quizzes
  70. B2:M4: FINANCIAL DECISION MODELS
    📖Time Value Of Money For Capital Budgeting
    7 Topics
    |
    1 Quiz
  71. 📖What is Capital Budgeting?
    2 Topics
    |
    1 Quiz
  72. 📖Net Present Value (NPV)
    5 Topics
    |
    1 Quiz
  73. 📖Depreciation Tax Shield
    2 Topics
  74. 📖Internal Rate Of Return IRR
    6 Topics
  75. 📖Payback & Discounted Payback Period
    5 Topics
  76. 📖Accounting Rate Of Return ARR & Average Accounting Return AAR
    3 Topics
  77. 📖Profitability Index PI
    6 Topics
  78. 🎯Comprehensive Test: Capital Budgeting + AICPA Previously Released Questions
    2 Quizzes
  79. B2:M5: MARGINAL ANALYSIS
    📖Relevant & Irrelevant Cost
    3 Topics
    |
    2 Quizzes
  80. 📖Add Or Drop A Segment
    5 Topics
    |
    1 Quiz
  81. 📖Make Or Buy Components Analysis
    5 Topics
    |
    1 Quiz
  82. 📖Accepting Or Rejecting Special Order
    4 Topics
    |
    1 Quiz
  83. 📖Utilization Of A Constrained Resource
    3 Topics
    |
    1 Quiz
  84. 📖Sell Or Process Further Decisions
    5 Topics
    |
    1 Quiz
  85. 🎯Comprehensive Test: Marginal (differential) + Analysis + AICPA previously Released Questions
    2 Quizzes
  86. B3:M1: COST ACCOUNTING
    📖Basic Cost Accounting Terms
    2 Topics
  87. 📖Three Baic Manufacturing Cost
    4 Topics
    |
    2 Quizzes
  88. 📖Product Cost Vs Period Cost
    4 Topics
    |
    1 Quiz
  89. 📖Cost Behavior: Variable, Fixed & Mixed Costs
    4 Topics
    |
    1 Quiz
  90. 📖Absorption & Variable Costing
    9 Topics
    |
    3 Quizzes
  91. 📖Segmented Income Statement Traceable & Common Fixed Cost
    5 Topics
    |
    1 Quiz
  92. 📖Break-Even & Common Errors
    3 Topics
    |
    1 Quiz
  93. 📖Job Order Costing + Predetermined Overhead Rate
    5 Topics
    |
    1 Quiz
  94. 📖Cost Flow In Job Order Costing
    5 Topics
  95. 📖Cost Of Goods Manufactured
    4 Topics
  96. 📖Under-Applied & Over-Applied Overhead
    5 Topics
    |
    1 Quiz
  97. 📖Process Costing (Weighted Average)
    4 Topics
  98. 📖Process Costing (FIFO)
    8 Topics
    |
    2 Quizzes
  99. 📖Activity Based Costing
    11 Topics
    |
    2 Quizzes
  100. 📖Joint Product Costing & By-Product
    2 Topics
  101. 🎯Comprehensive Test for: Cost Accounting Concepts + Previously released AICPA Questions
    2 Quizzes
  102. 🎯Comprehensive ABC, Direct and Full (absorption) Costing : Complete After reviewing Farhat and Becker
    2 Quizzes
  103. B3:M2: PERFORMANCE MANAGEMENT
    📖Benchmarking
    2 Topics
  104. 📖The 4 Costs Of Quality
    4 Topics
    |
    1 Quiz
  105. 📖Control Charts
    2 Topics
  106. 📖Pareto Chart
    2 Topics
  107. 📖Fishbone
    2 Topics
  108. 📖Non-Financial Measures
    2 Topics
    |
    1 Quiz
  109. 📖Non-GAAP Measures
    2 Topics
    |
    1 Quiz
  110. 📖Performance Measurements
    2 Topics
  111. 📖Balanced Scorecard
    5 Topics
    |
    1 Quiz
  112. 📖Return On Investment (ROI)
    4 Topics
    |
    1 Quiz
  113. 📖Residual Income
    5 Topics
    |
    1 Quiz
  114. 📖Economic Value Added (EVA)
    2 Topics
  115. 📖Return On Equity (ROE)
    2 Topics
  116. 🎯Comprehensive Test: Responsibility Accounting + Previously Released AICPA Questions : Complete After reviewing Farhat and Becker
    2 Quizzes
  117. B3:M3: PROJECTION & FORECASTING TECHNIQUES
    📖Projection Techniques
    2 Topics
  118. 📖Simple Regression
    2 Topics
    |
    1 Quiz
  119. 📖High Low Method
    4 Topics
    |
    1 Quiz
  120. 📖Cost Volume Profit Analysis
    2 Topics
  121. 📖Contribution Margin Ratio
    2 Topics
  122. 📖Cost Volume Profit Application
    6 Topics
    |
    1 Quiz
  123. 📖Break-Even Point & Target Profit
    3 Topics
    |
    1 Quiz
  124. 📖Target & Cost Volume Profit Analysis
    3 Topics
    |
    1 Quiz
  125. 📖Margin Of Safety
    3 Topics
    |
    1 Quiz
  126. 📖Cost Structure & Profit Stability
    2 Topics
  127. 📖Degree Of Operating Leverage (DOL)
    4 Topics
    |
    1 Quiz
  128. 📖Break-Even For Multi-Product
    4 Topics
    |
    1 Quiz
  129. 🎯AICPA Questions: Projection and Forecasting techniques
    2 Quizzes
  130. 🎯Comprehensive Test: Cost Volume Profit Analysis + AICPA Practice Questions : Complete After reviewing Farhat and Becker
    2 Quizzes
  131. B3:M4: MASTER BUDGET & ITS SCCHEDULES
    📖Budget & Role Of Budgets
    2 Topics
    |
    1 Quiz
  132. 📖Budgetary Process
    3 Topics
    |
    1 Quiz
  133. 📖Types Of Budgets
    2 Topics
    |
    1 Quiz
  134. 📖Zero Based Budgeting & Rolling Budget
    2 Topics
    |
    1 Quiz
  135. 📖Activity Based Budgeting
    2 Topics
    |
    1 Quiz
  136. 📖Master Budget & related Schedules
    10 Topics
    |
    2 Quizzes
  137. 📖Production Budget
    5 Topics
    |
    1 Quiz
  138. 🎯AICPA Questions: Budgeting
    2 Quizzes
  139. B3:M5: FINANCIAL STATEMENT ANALYSIS
    📖Intro To Financial Statement Analysis
    2 Topics
  140. 📖Vertical & Horizontal Analysis
    2 Topics
  141. 📖Liquidity Ratios
    2 Topics
  142. 📖Activity Ratios
    2 Topics
  143. 📖Solvency Ratios
    2 Topics
  144. 📖Profitability Ratios
    2 Topics
  145. 📖Market/Investor Ratios
    2 Topics
    |
    1 Quiz
  146. 📖Comprehensive Practice Financial Statement Analysis
    5 Topics
  147. 📖The Types Of Data & The 4 Vs
    2 Topics
  148. 📖Data Visualization
    2 Topics
    |
    1 Quiz
  149. 📖The 4 Types Of Data Analytics: Descriptive, Diagnostics, Predictive & Prescriptive
    2 Topics
    |
    1 Quiz
  150. 📖Data Transformation
    2 Topics
    |
    1 Quiz
  151. 📖Primary & Foreign Key
    3 Topics
    |
    1 Quiz
  152. 🎯Comprehensive Test ratios: AICPA Questions
    2 Quizzes
  153. B3:M6 VARIANCE ANALYSIS
    📖Flexible Budget & Performance Analysis
    7 Topics
    |
    2 Quizzes
  154. 📖Direct Material & Labor Variance Analysis
    6 Topics
    |
    2 Quizzes
  155. 📖Variances Using Journal Entries
    6 Topics
  156. 📖Variable & Fixed Overhead Variances
    4 Topics
    |
    2 Quizzes
  157. 📖Sales Variance Analysis
    2 Topics
  158. 🎯Comprehensive Test Variance Analysis + Previously Released AICPA Questions : Complete After reviewing Farhat and Becker
    2 Quizzes
  159. B4:M1: INTANGIBLES
    📖Intangible Assets
    6 Topics
    |
    2 Quizzes
  160. 📖Impairment Of Intangibles
    3 Topics
  161. 📖Goodwill Impairment
    7 Topics
    |
    2 Quizzes
  162. 📖Accounting For Computer Software Cost
    1 Topic
    |
    1 Quiz
  163. 📖Research & Development Cost
    6 Topics
    |
    1 Quiz
  164. 📖Start-Up & Initial Operating Losses
    4 Topics
  165. 🎯Test: Intangibles Assets and Software Cost
    3 Quizzes
  166. B4:M2: REVENUE RECOGNITION ADVANCED TOPICS
    📖Contract Modification
    3 Topics
  167. 📖Sales Returns & Allowances
    2 Topics
  168. 📖Repurchase Agreement
    2 Topics
  169. 📖Bill & Hold
    2 Topics
  170. 📖Warranty & Upfront Fees
    3 Topics
  171. 📖Revenue Recognition Examples
    2 Topics
    |
    2 Quizzes
  172. 📖Percentage Of Completion Method Losses
    3 Topics
  173. 📖Percentage Of Completion Method
    3 Topics
  174. 📖Cost Recovery Method For Revenue Recognition
    2 Topics
    |
    2 Quizzes
  175. 📖Accounting For Sales On Consignment
    2 Topics
  176. 📖Sales Reconciliation
    2 Topics
  177. 🎯Test: Revenue recognition
    1 Quiz
  178. B4:M3: STOCK COMPENSATION
    📖Accounting For Stock Options
    3 Topics
    |
    1 Quiz
  179. 📖Restricted Stocks
    3 Topics
    |
    2 Quizzes
  180. 📖Share Application Rights SARs
    2 Topics
    |
    2 Quizzes
  181. 🎯Test: stock compensation
    1 Quiz
  182. B4:M4: BUSINESS COMBINATIONS & CONSOLIDATED FINANCIAL STATEMENTS
    📖Intro To Business Combination
    2 Topics
  183. 📖Variable Interest Entity
    2 Topics
    |
    1 Quiz
  184. 📖Business Combinations: Acquisition Method
    2 Topics
    |
    1 Quiz
  185. 📖Elimination Of The Investment In The Subsidiary
    2 Topics
    |
    1 Quiz
  186. 📖Consolidated Financial Statements
    2 Topics
    |
    1 Quiz
  187. 📖Impairment Of Assets (Intangibles & Goodwill)
    2 Topics
    |
    1 Quiz
  188. 🎯Test: Business Combinations and Consolidations + AICPA Questions
    2 Quizzes
  189. B4:M5: CONSOLIDATED FINANCIAL STATEMENTS: FOREIGN CURRENCY TRANSLATION ADJUSTMENTS
    📖Temporal Method: Remeasurement Model
    3 Topics
    |
    1 Quiz
  190. 📖Current Rate Method | Translation Of Financial Statements
    3 Topics
    |
    1 Quiz
  191. 📖Translation Of Retained Earnings
    2 Topics
  192. 📖Translation Of Inventory, COGS, & PP&E
    2 Topics
  193. 📖Translation Of Financial Statements
    1 Topic
  194. 🎯AICPA Questions: Foreign Currency Translation
    1 Quiz
  195. B4:M6: DERIVATIVES & HEDGE ACCOUNTING
    📖Intro To Hedging & Derivative Instruments
    3 Topics
  196. 📖Speculations
    3 Topics
  197. 📖Fair Value Hedge
    4 Topics
  198. 📖Cash Flow Hedge
    4 Topics
  199. 📖Hedging Effectiveness & Documentation
    5 Topics
    |
    2 Quizzes
  200. 🎯Test: Derivatives and Hedging AICPA Questions
    1 Quiz
  201. B4:M7: LEASES
    📖Intro To Accounting For Leases
    2 Topics
    |
    2 Quizzes
  202. 📖Accounting For Sales-Type Lease, Lessor
    4 Topics
  203. 📖Direct Financing Lease
    3 Topics
  204. 📖Accounting For Operating Lease By Lessor
    4 Topics
    |
    2 Quizzes
  205. 📖Residual Value For Leases Guaranteed & Unguaranteed For Lessor
    2 Topics
  206. 📖Initial Direct Costs & Executory Cost
    2 Topics
    |
    1 Quiz
  207. 📖Finance Lease Vs Operating Lease Vs Sales Type Lease
    1 Topic
  208. 📖Accounting For Leases Sales – Leaseback
    4 Topics
    |
    2 Quizzes
  209. 🎯Test: Leases AICPA Questions
    1 Quiz
  210. B4:M8: SEGMENT REPORTING & PUBLIC COMPANY REPORTING TOPICS
    📖Segment Reporting
    3 Topics
    |
    1 Quiz
  211. 📖Extensible Business Reporting Language (XBRL)
    2 Topics
    |
    1 Quiz
  212. 📖Regulation SK
    2 Topics
    |
    1 Quiz
  213. 📖Regulation SX
    2 Topics
    |
    1 Quiz
  214. 🎯Comprehensive Test: Interim, SEC and Reportable Segments
    1 Quiz
  215. B4:M9: FINANCIAL STATEMENTS OF EMPLOYEE BENEFIT PLAN
    📖Pension Plan Financial Statements
    2 Topics
    |
    1 Quiz
  216. 🎯Test: Pension plans AICPA questions
    1 Quiz
  217. B5:M1: BUDGETARY & ACTIVITY ACCOUNTING
    📖Revenue Recognition For Governmental Accounting
    2 Topics
  218. 📖Imposed Non-Exchange Revenue Recognition
    2 Topics
  219. 📖Governmental Grants | On Behalf Payments | Revenue Recognition
    4 Topics
    |
    1 Quiz
  220. 📖Governmental Revenue Recognition Sale Of Assets
    2 Topics
  221. 📖Expenditures Vs Expenses
    2 Topics
  222. 📖Compensated Absences Expenditures
    3 Topics
  223. 📖Pension / Claims & Judgements Expenditures
    4 Topics
  224. 📖Material & Supplies
    3 Topics
  225. 📖Capital Asset Under Governmental Accounting
    1 Topic
  226. 📖Expenditures For Capital Asset, Interest, Principal & Capital/Operating Lease
    2 Topics
  227. 📖Non-Exchange Expenditures
    2 Topics
  228. 📖InterFund Governmental Activities
    3 Topics
  229. 📖Governmental Leases
    2 Topics
  230. 📖Elements Of Governmental Financial Statements
    2 Topics
  231. 📖Categories Of Fund Balance
    2 Topics
    |
    1 Quiz
  232. 📖Net Position In Governmental Accounting
    2 Topics
    |
    1 Quiz
  233. B5:M2: ENCUMBRANCES & OTHER TRANSACTIONS
    📖Governmental Budgeting | Appropriations | Encumbrances | Estimated Revenues
    3 Topics
  234. 📖Encumbrances Lapse At Year End | Encumbrances Don’t Lapse At Year End
    3 Topics
    |
    2 Quizzes
  235. B5:M3: GOVERNMENTAL FUNDS & FINANCIAL STATEMENTS: PART 1
    📖Governmental Funds
    3 Topics
  236. 📖Special Revenue Funds
    2 Topics
    |
    1 Quiz
  237. 📖Debt Service Funds
    2 Topics
    |
    1 Quiz
  238. B5:M4: GOVERNMENTAL FUNDS & FINANCIAL STATEMENTS: PART 2
    📖Capital Project Funds
    3 Topics
    |
    2 Quizzes
  239. 📖Permanent Funds
    2 Topics
    |
    1 Quiz
  240. B5:M5: PROPRIETARY FUNDS FINANCIAL STATEMENTS
    📖Accounting For Proprietary Funds | Enterprise Funds
    2 Topics
  241. 📖Enterprise Funds | Landfill Cost
    2 Topics
  242. 📖Accounting For Internal Service Funds | Proprietary Funds
    2 Topics
  243. 📖Cash Flow Statement For Proprietary Funds
    3 Topics
    |
    3 Quizzes
  244. 📖Journal Entries For Enterprise Funds | Financial Statement
    1 Topic
    |
    1 Quiz
  245. B5:M6: FIDUCIARY FUNDS FINANCIAL STATEMENTS
    📖Agency / Custodian Funds
    2 Topics
  246. 📖Private Purpose / Investment Trust Funds
    2 Topics
  247. 📖Pension Trust Funds
    2 Topics
    |
    2 Quizzes
  248. B5:M7: FORM & CONTENT OF THE ANNUAL COMPREHENSIVE ANNUAL FINANCIAL REPORT
    📖Annual Comprehensive Financial Report (ACFR)
    2 Topics
    |
    1 Quiz
  249. 📖Component Units
    2 Topics
    |
    1 Quiz
  250. B5:M9: FUND FINANCIAL STATEMENTS
    📖Proprietary Funds
    2 Topics
  251. 📖Fiduciary Funds
    2 Topics
  252. 📖Governmental Fund
    2 Topics
  253. 📖Fund Accounting: Elements Of Governmental Financial Statements
    2 Topics
  254. B5:M10: GOVERNMENT WIDE FINANCIAL STATEMENTS
    📖Government Wide Financial Statements
    2 Topics
    |
    1 Quiz
  255. 📖Capital Assets In Government-Wide FS
    2 Topics
    |
    1 Quiz
  256. 📖Fund Financial Statements
    2 Topics
  257. 📖Major Fund Rules
    2 Topics
  258. 📖Reconciliation Government Wide Financial Statements: Capital Assets
    2 Topics
  259. 📖Reconciliation Government Wide Financial Statements: Long-Term Debt
    2 Topics
  260. 📖Reconciliation Government Wide Financial Statements: Revenues & Expenses
    2 Topics
  261. 📖Reconciling Internal Service Funds To Government Wide Financial Statements
    3 Topics
    |
    2 Quizzes
  262. B5:M11: NOTES & SUPPLEMENTARY INFORMATION
    📖Management’s Discussion & Analysis (MD&A) For Government
    2 Topics
  263. 📖Notes To The FS – Governmental Accounting
    2 Topics
  264. 📖Required Supplementary Information (Other Than MD&A)
    2 Topics
    |
    1 Quiz
  265. 🎯Test: Government Accounting and Reporting + AICPA Questions
    1 Quiz
  266. 💡B3:M1: Cost accounting
    4 Quizzes

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Quiz 9 of 203

🎯Present Value and Future Value TF

  1. BAR Miles Business Analysis and Reporting Supplemental Course
  2. 📖Present Value Of Single Amount
  3. 🎯Present Value and Future Value TF

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Responses

    1. Maroun, CPA 17 June 2024

      Hello Irene,

      When interest is calculated on the initial principal and on any interest earned that has not been paid or withdrawn, this is known as compound interest. This means that you earn interest not only on your original investment (the principal) but also on the interest that has been added to your investment over time. This process of earning interest on interest is called compounding.
      The compounding period is the frequency with which interest is calculated and added to the principal. It can vary and may be annually, semiannually, quarterly, monthly, daily, or even continuously.
      For example, if interest is compounded annually, interest is added to the principal once a year. If compounded monthly, interest is added 12 times a year.

      I hope this makes sense!