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Exam marking scheme for section a and b

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Exam marking scheme for section a and b

  • This topic has 4 replies, 2 voices, and was last updated 2 years ago by IAW3005.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • February 26, 2024 at 10:19 am #701165
    poojakumar
    Participant
    • Topics: 6
    • Replies: 4
    • ☆

    Hello
    For section a and b what is the leeway for an empty box figure.
    In 1 of the question that I was doing, due to rounding off I got 8487 but the answer indicated was 8490 is it acceptable?

    February 26, 2024 at 12:07 pm #701173
    IAW3005
    Moderator
    • Topics: 4
    • Replies: 1604
    • ☆☆☆☆☆

    It depends what the question states – you have to look clearly
    The real ACCA exams always show you clearly

    Round to 1 decimal
    Round to 2 decimal
    Show as a round number

    February 29, 2024 at 10:16 am #701444
    poojakumar
    Participant
    • Topics: 6
    • Replies: 4
    • ☆

    for the final answer then yes
    but my doubt is on
    for example: to calculate WACC I had to calculate cost of equity and cost of debt, which resulted in me rounding it off to at least to 2 decimal places if not then just as a whole number but when I put that into the WACC formula I ended up with the answer 8487 due to the rounding off but the answer was 8490. Is my answer acceptable and I won’t be penalised for it or what is the best way forward for such questions?

    February 29, 2024 at 10:30 am #701447
    poojakumar
    Participant
    • Topics: 6
    • Replies: 4
    • ☆

    I’m sorry I misunderstood
    I know WACC is a % figure but with the same concept then what do I do?

    February 29, 2024 at 1:56 pm #701464
    IAW3005
    Moderator
    • Topics: 4
    • Replies: 1604
    • ☆☆☆☆☆

    You have to accept the real exam will be based on a figure within a range.
    A computer marks it so with most questions it will be a range. How large a range depends on the type of question.
    All in all, I wouldn’t worry about it
    That’s all I can say

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