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How many decimal places??

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › How many decimal places??

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by John Moffat.
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  • September 20, 2012 at 2:52 pm #47129
    marky123
    Member
    • Topics: 46
    • Replies: 190
    • ☆☆☆

    Just a quick one – how many decimal places are we supposed to work to in the exam?

    I did a revison question last night (June 2010 NPV) and worked to 1 decimal place, and in thousands.
    Apart from a silly mistake with working capital (need to go over that lecture again 🙂 ) my answer was almost there, but checking my answer afterwards ACCA had worked to 3 decimal places in the workings and rounded to nearest thousand in the actual NPV calculation.

    I also looked at another where they had done 2 decimal places.

    What is acceptable? Or the norm? Will they fail you for it?

    I couldnt see anything in the question that said work to ‘x’ number of decimal places.

    Thanks

    September 22, 2012 at 12:16 pm #75809
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54833
    • ☆☆☆☆☆

    You will not be penalised for decimal places – it does not matter.

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