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i was wondering hw much marks wud i lose if i dont prepare the consoliated financial statements ,but my workings are all correct in a typical question one of the P2 paper(considering a 35 mark allocation to the question)? Also could u give me some tips regarding things that are not really worth writing for getting marks like using abbreviations etc.
Hi,
You would lose marks for not putting in some of the adjustments in the group accounts, there is no exact number of marks that would be lost as it depends on the scenario in the question. If the question wants a consolidated financial statement then that is what you should be preparing, you shouldn’t just be doing the workings.
Feel free to use abbreviations as there are no presentation marks for the consolidation.
Thanks
Thanks but could u give me a rough estimate as to how much on average would i lose fr not preparing the proforma and putting the adjustment values? . do u think wil it be wise fr me to input the values in the financl stmnts when i am out of time and thers a high probability tht those values wud be wrong?
A rough estimate, are you serious? There is no possible way that this could be done as each question is entirely different.
I think you need to have a think about where you are scoring marks as opposed to where you are losing the marks. A good exam technique would see you input the numbers to the financial statements as you work through the question and not leave it until the end.
Once your time is up on a question, move on!
Thanks
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