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Rounding off in AFM

Forums › ACCA Forums › ACCA AFM Advanced Financial Management Forums › Rounding off in AFM

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarJohn Moffat.
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  • August 24, 2019 at 6:13 pm #528692
    Avatarjnemberi
    Participant
    • Topics: 3
    • Replies: 0
    • ☆

    Hie Mr Moffat

    Can you assist me with explaining how do we round off answers in AFM…

    August 24, 2019 at 7:42 pm #528701
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    You will have to refer to specific questions for me to understand which ’rounding off’ you are referring to.

    In general, rounding is irrelevant for the marks. Paper AFM is an exam that is testing your understanding, not your ability at simply applying rules. The marks are for your workings and for your assumptions (as in real life) and not for the final answer. There is rarely just one ‘correct’ answer for Paper AFM questions 🙂

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