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Rounding – off difference

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Rounding – off difference

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 24, 2018 at 8:57 pm #432731
    llkkjj
    Participant
    • Topics: 27
    • Replies: 39
    • ☆☆

    Dear John,

    What is the examiners policy on rounding differences.

    I.E : My answer for a question where :

    Yield Variance : 9901 F
    Mix Variance : 5829 A

    Examiner answer:
    Yield Variance : 9898.69
    Mix Variance : 5826.69 A

    Would i get full marks for my answer or will i be penalized for this slight difference. As there is not specification in the question, does the examiner expect you to work with 2 decimal places or can i just round to the nearest whole number for neatness in calculations?

    Thanks.

    January 25, 2018 at 8:09 am #432862
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54814
    • ☆☆☆☆☆

    Unless the rounding is specified in the question, it is irrelevant (just as it is in real life 🙂 )

    For unit costs, usually round to the nearest cent. For other things (such as your variance example), rounding to the nearest $ is fine and you will not be penalised.

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