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 8 months ago by LMR1006.
- AuthorPosts
- February 26, 2024 at 10:19 am #701165
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 #701173It depends what the question states – you have to look clearly
The real ACCA exams always show you clearlyRound to 1 decimal
Round to 2 decimal
Show as a round numberFebruary 29, 2024 at 10:16 am #701444for 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 #701447I’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 #701464You 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 - AuthorPosts
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