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Rounding

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Rounding

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  • December 10, 2021 at 4:44 pm #643742
    uzzy0121
    Participant
    • Topics: 16
    • Replies: 7
    • ☆

    I sat the December 2021 paper and realised when I was rounding for ratios I rounded to 1 decimal place.

    Does ACCA have a requirement when it comes to rounding? Should it be to 1 or 2 decimal places? And if I don’t meet this, will the examiner still mark in favour if I am just 1 decimal point off the correct figure?

    For example if I put 13.1 instead of 13.08 (from 13.082) would this still be marked as correct as the difference is only via rounding?

    December 10, 2021 at 5:58 pm #643773
    Kim Smith
    Keymaster
    • Topics: 130
    • Replies: 8108
    • ☆☆☆☆☆

    You could probably round to 13% and that would be fine. Given the limitations of ratios it’s really not meaningful to write for example 35.67 days – as an average, interpreting 36 days is perfectly adequate.

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