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?
Ask the Tutor ACCA FR
Marks awarded
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!
true
Thank you for that endorsement!
ok, thanks mike.
You're welcome
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