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Reconciliations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Reconciliations

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by AvatarKim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • August 24, 2018 at 3:24 pm #469249
    Avatarbilal12345
    Member
    • Topics: 12
    • Replies: 4
    • ☆

    Hi

    If for a deficiency that Supplier statement reconciliations are
    no longer performed, examiner has mentioned control that Supplier statement reconciliations should be performed on a monthly basis
    and these should be reviewed by a responsible official.

    But doesn’t it seems to be incomplete? I mean should he not add 1 more line in this that “also he should evidence his review by signing reconciliations”?

    August 24, 2018 at 4:08 pm #469254
    AvatarKim Smith
    Keymaster
    • Topics: 138
    • Replies: 8465
    • ☆☆☆☆☆

    Published answers are not “boiler plate”. The examiner clearly considers the answer as published to be sufficient for one mark. Published answers do not incorporate every possible word/answer point that might be worthy of credit.

    August 24, 2018 at 7:45 pm #469293
    Avatarbilal12345
    Member
    • Topics: 12
    • Replies: 4
    • ☆

    So there is no need to write this line “also he should evidence his review by signing reconciliations”? Even if suppose I write it so then will there any marks be deducted for this line?

    August 25, 2018 at 7:51 am #469326
    AvatarKim Smith
    Keymaster
    • Topics: 138
    • Replies: 8465
    • ☆☆☆☆☆

    There is no negative marking in any ACCA exams.

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