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if i shorten headings of statements such as sofp and sopol would i loose marks?
I would certainly hope not – except what is Sopol? Is that an abbreviation for Statement of Income?
You would call it Statement of Comprehensive Income or Income Statement.
In this case , SOCI or IS.Don’t think Statement of Profit or Loss is a term that is used 🙂
SoCI or SOI I would recognise. In my workings I’m sometimes lazy ( old-fashioned ) and call it I/S but I suppose you can still use P/L, PnL, SofP/L etc
But I have NEVER ever seen Sopol
Thank you for broadening my experiences!
Hi,
Even though I have given the exam but I want to clear some points for satisfaction. My questions are
1. I did the wrong working for tax in Cashflow but at the end of question I realised my mistake and I corrected it in working portion but obviously could not correct the whole figures in the statement, will I get marks for it?
2. If a working is wrong and I lose marks then when I post that working in the statement, will I lose the marks again? Or atleast I will get some to post it on the correct place!
3. For example in net assets list, i get wrong purp then will I lose all the marks for net asset list or I will only lose a few allocated only to purp? and I will take it to Goodwill then will I lose marks again for incorrect share of Net assets due to incorrect provision for unrealised profit?Thanks in advance
Hi
I believe that you should work on the principle that the ACCA markers are experienced, honest, conscientious, qualified ….
If you make a mistake, you should not be repeatedly punished for that single error. As I say in lectures, this is not like marriage!
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Hello,
I am going to pass F7 Int in December, but I need electrically study text and revision kit, I saw at the web of BPP , but it is expensive, can u help me?
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