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Rounding off

Forums › Ask CIMA Tutor Forums › Ask CIMA F2 Tutor Forums › Rounding off

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by P2-D2.
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  • May 23, 2019 at 12:09 pm #517007
    siphiwe22
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Good day

    I would like to ask in terms of rounding up.

    I use the sharp financial calculator which I have mastered well since doing my Bachelors degree.

    I find that when I use it to calculate IRR, PV, NPV, AMORTIZATION I never get the exact answer due to rounding. e.g when answer is 8.3 I get 8.1.
    With M.C.Q I will probably pick the nearest answer however I am worried with fill-in-gap questions. Do I get it wrong and no marks at all?

    May 24, 2019 at 8:17 pm #517232
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7163
    • ☆☆☆☆☆

    Hi,

    The questions will be clear if rounding is required, plus try to leave the number in the calculator as you do your calculations to minimise the risk of rounding errors.

    Thanks

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