• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Rounding in section A questions

Forums › ACCA Forums › ACCA FM Financial Management Forums › Rounding in section A questions

  • This topic has 2 replies, 2 voices, and was last updated 1 year ago by mrjonbain.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • February 4, 2024 at 7:02 am #699704
    talithaeaston
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    I’m using the BPP practise and revision kit and am finding I’m getting many section A questions wrong due to rounding differences.

    For example the calculation for finding the implicit annual interest rate on a 50 day repo in my answer looked liked this:

    (50000/9650000)*365/50 = 3.78%

    50000 being the increase on the original value
    9650000 being the buy back value
    365 being the number of days in the year per the question
    50 being the number of days between sale and buy back
    Answer is stated to 2 decimal places per the question

    However the answer in the book is 3.80%

    This is because they have broken the answer down as such:

    50000/9650000 = 0.52% when stated to 2 decimal places (so rounded up)
    0.52% *365/50 = 3.80

    I understand the reason for the different answer.

    My question is this, will there be any allowance for rounding differences for section A questions in the exam, where you won’t be able to show your workings?

    I’m getting worried I’m going to fail this exam because, as the saying goes, there’s many ways to skin a cat!!

    It’s question 27 in the work book if anyone is interested.

    Thanks

    February 4, 2024 at 7:32 am #699708
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2455
    • ☆☆☆☆☆

    This thread should clarify matters for you-

    https://opentuition.com/topic/rounding-differences-4/

    Hope this helps.

    February 8, 2024 at 5:07 pm #699964
    mrjonbain
    Moderator
    • Topics: 6
    • Replies: 2455
    • ☆☆☆☆☆

    A more recent answer, albeit in a different subject that should reassure you-

    https://opentuition.com/topic/cvp-analysis-rounding/

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • EricObi on IAS 37 – Best estimate – ACCA Financial Reporting (FR)
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • John Moffat on MA Chapter 4 Questions Cost Classification and Behaviour
  • maryrena77 on The nature and structure of organisations – ACCA Paper BT
  • vi234 on MA Chapter 4 Questions Cost Classification and Behaviour

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in