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Please someone answer this if the calculated figure or figure put in the proforma of cash flow in answer is wrongly calculated, Do we still get some mark for it or is it 0 for that scored….lets say there was one mark for accurate calculation, but we missed a point and due to that calculated figure is wrong do we get some answer.
One mark penalty for a incorrect calculation. They can only penalize you once. In turn yes you gain marks for the parts of your per forma which you answered correctly.
so you mean if we are supposed to adjust for an entry BUT WE MISS it, whose impact was to be on many other things say asset , its depreciation etc, we wont be penalized for those but only penalized for NOT taking into account that entry for which we did not adjust,
That sounds about right to me – we have to believe that the markers are professional, experienced, independent people. If you make a mistake – and we all do! – that should only cost you one mark
If you make an error in a calculation you lose the mark(s) for it at that point. If your answer to that calculation follows through into other calculations, then you won’t be penalised again.
Thanks all, kindly can you tell the same for discussion or ethics questions in p2 papers…HOW ARE THEY MARKED? since they can be answered in a variety of ways…… and please also guide if one can gain full marks in such questions for quality discussion without being similar to exaimners thinking
I think that you’ll score for every valid point you make even though the words you use will be different. Be honest, how could the words you use be the same as the examiner’s?
As for barking up the wrong tree – I suppose that really depends on the subject matter. If it’s a question requiring a subjective assessment of a discussive matter, you should score for reasonable argument. Even if it’s on the application of an IFRS, the P2 examiner is known for asking obscure elements of IFRSs so you should still score for showing you can apply the principles of the IFRS even though you may miss the obscure bit and conclude incorrectly
That’s my thinking – and it’s got me through to the optional papers with no fails so far
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