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Hello, in the typical 1st and 2nd questions (presentation, groups, consolidation) which have notes at the bottom…..this is essentially the core of the question and gives rise to the workings. What I would like to know is suppose correct workings are done for these (as you do in the first half or 2/3 of your videos) but the financial statements are not done, how many marks wold be lost? For example, in the mark allocation for pricewell, 8 marks are allocated to the cost of sales figure. Suppose I did all the necessary adjustments in my working while going through the notes but for some reason ( eg run out of time) the financial statements weren’t done at all. How much marks would be lost?
I say frequently in lectures, “The marks are in your workings”
That example you give, Pricewell, is not unusual. Look at a consolidation question and see how many marks are scored for goodwill + retained earnings + nci
Look at a question 2 and see how many marks are available for calculating the tax correctly.
What I continue to fail to understand is how ACCA can award even a half mark for getting share capital correct when there is no adjustment to share capital, or half a mark for distribution costs which is the same figure as in the question.
Now, if I am correct (and I know I am!) what message is this telling you about the quality of your workings? They must be neat, legible, understandable and beautifully presented!
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