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Rounding Differences

Forums › ACCA Forums › ACCA PM Performance Management Forums › Rounding Differences

  • This topic has 2 replies, 3 voices, and was last updated 15 years ago by Avataracltang72.
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  • May 24, 2010 at 9:55 am #44094
    Avatarantonio blaze
    Member
    • Topics: 5
    • Replies: 19
    • ☆

    Just did a learning curve revision question. Got a very low mark,not because I failed to apply the concepts(actually,I applied the concepts very well!!),but because of ROUNDING DIFFERENCES!!! In my calculations I used two decimal places whereas the answer at the back of the book rounded off to ONE decimal place. As a result,my final answer was off the answer at the back of the book by about $1000! So I need to know,how do the examiners deal with rounding differences when marking? Will we be told how many decimal places to use when doing calculations?

    May 26, 2010 at 4:24 pm #60960
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54837
    • ☆☆☆☆☆

    If your difference was only due to rounding, then you will not be penalised in the exam (unless the examiner specifies in the question how many decimal places to use).
    However do help the marker and make sure you show workings so that he/she can check you know what you are doing.

    May 26, 2010 at 10:45 pm #60961
    Avataracltang72
    Member
    • Topics: 18
    • Replies: 182
    • ☆☆☆

    Great post. Thanks!

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