Stillwater Services (12/12)

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.

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October 29, 2016 at 6:03 am #346500
Dinh
Participant
- Topics: 18
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Hi Ken,

in part C when we calculate the ROCE, the answer on ACCA website, the capital employed is the beginning balance but in both BPP study text and revision kit it’s always average capital employed. so which one should we follow in the exam?

Thanks,
DT
October 29, 2016 at 4:15 pm #346581
Ken Garrett
Keymaster
- Topics: 10
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ROCE is not strictly defined (unlike the CE in EVA which is always opening CE).

In general ROCE can be calculated using opening, closing or average CE. Markers won’t mind.
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