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ACCA AFM

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › ACCA AFM

  • This topic has 3 replies, 3 voices, and was last updated 3 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 8, 2022 at 3:37 am #650142
    sharaff
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Sir,

    I was wondering if it will be fine if I write the numbers in millions with 2 d.ps even if the figures in the question are given in thousands?

    March 8, 2022 at 9:02 am #650184
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Surely you would need 3 decimal places (not 2)?

    However I do not understand why you would want to do this. If the figures in the question are in thousands then use thousands in your answer.

    March 8, 2022 at 6:42 pm #650289
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir I do not understand that why need 3 decimal places (not 2)? Can you tel me an example? And secondly in this exam, marks are not deducted for rounding na?

    March 9, 2022 at 8:13 am #650381
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    $1,000 is $0.001M.

    Marks are not deducted for rounding unless it is ridiculous rounding.

    However again, if the figures in the question are given in thousands than used thousands in the answer. I cannot understand why you would want to do different.

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