Marking

Hello, Dear Tutor

In section C in the exam, there were convertible loans. I was given cumulative discount rate of 3 years, but the problem is that instead of using the 3 year discount rate shown, which I wasn’t familiar how to deal with, I myself drew up discount rate table year by year for 3 years. However, all the final figures did strike a balance in SFP. I don’t know whether I made a mistake, but, assuming that it was a mistake, will “finance cost” element in the adjusted retained earnings, equity component of loan, and year end loan liability in SFP incorrect? So, will I lose all the marks allocated to them just because I approached a little bit differently although concepts and calculation were just right.

Thanks