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How many marks do we lose if one adjustment spoiled the whole number?

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › How many marks do we lose if one adjustment spoiled the whole number?

  • This topic has 2 replies, 3 voices, and was last updated 11 years ago by MikeLittle.
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  • December 4, 2013 at 3:42 pm #150213
    alisha6
    Member
    • Topics: 1
    • Replies: 16
    • ☆

    How many marks do we lose if one adjustment spoiled the whole number?

    Does anyone know?

    December 4, 2013 at 3:47 pm #150215
    umerkhayam
    Member
    • Topics: 22
    • Replies: 117
    • ☆☆

    @alisha6 Do you mean the figures in the end?

    December 13, 2013 at 10:52 am #152842
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23335
    • ☆☆☆☆☆

    I could be really mischievous here, or simply down-right wicked. I COULD say “You lose everything if your balance sheet doesn’t balance”

    But I won’t!

    You make 1 mistake you lose 1 mark, maybe 2 and POSSIBLY 3 if it’s an error of principle.

    Otherwise, you have to trust the markers’ professionalism to give you the right amount of credit where you have followed correct principles EVEN THOUGH your figures are incorrect

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