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saving time by changing $'000 to $m

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › saving time by changing $'000 to $m

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • September 1, 2015 at 3:00 pm #269439
    account33
    Member
    • Topics: 26
    • Replies: 28
    • ☆☆

    The single company and consol question will probably be presented in $’000. To save time would it be OK if I present my solution in $m rather than $’000? This would mean writing say 2.6 rather than 2,600. In the case of say 4,000 I would save even more time because I would only have to write 4.

    I timed myself. It took me 15 seconds to write 000 10 times. If I have to write 000 100 times in the exam that’s 150 seconds = 2.5 minutes saved. I would surely gain a mark in those 2.5 minutes.

    September 1, 2015 at 6:51 pm #269468
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23316
    • ☆☆☆☆☆

    Yes, you can do. Sometimes an exam question will specifically ask you to work in $thousands but if it doesn’t, then why not?

    Personally I KNOW that I would confuse myself and finish up rounding some and not others so I would avoid it but if you’re confident in your own clear-headedness then, sure, go for it

    September 3, 2015 at 7:46 pm #269733
    account33
    Member
    • Topics: 26
    • Replies: 28
    • ☆☆

    Ha! Clear-headedness is something I cannot guarantee Tuesday morning

    September 3, 2015 at 9:10 pm #269742
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23316
    • ☆☆☆☆☆

    So don’t do it! Don’t try reducing ‘000s to ‘.000s’

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