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rounding numbers

Forums › ACCA Forums › ACCA AFM Advanced Financial Management Forums › rounding numbers

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
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  • August 9, 2018 at 11:28 am #467081
    abbas7796
    Member
    • Topics: 135
    • Replies: 256
    • ☆☆☆

    hi

    is there any penalty for rounding numbers to the tenth etc

    lets say i have got % as 1.273

    can i round this to 1.3 in exam or what is the standard recommended by examiner

    how many decimal place do we consider?

    please advise

    thanks

    August 9, 2018 at 4:22 pm #467103
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    There is no standard recommended by the examiner (and there should not be – this is a financial management exam, not a maths exam 🙂 )

    It is up to you to decide what rounding is sensible depending on the particular decision being made. The marks are for your workings and assumptions, not for the final answer, and rounding is therefore largely irrelevant.

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