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SWAPS WORKINGS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › SWAPS WORKINGS

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
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  • May 8, 2023 at 9:34 pm #684083
    simranxdeep
    Participant
    • Topics: 39
    • Replies: 60
    • ☆☆

    In some of the SWAPS questions, they ask to show how the swaps work.
    Is it necessary to show the workings of swaps or is the calculation of Net Result (the way you taught in the free lectures) enough?

    May 9, 2023 at 9:11 am #684097
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54664
    • ☆☆☆☆☆

    If the question just asks for the result of swapping then the end result is all that is needed. If it asks you to show how the swap will be arranged then you do need to show the workings (although if you are running short of time, then a written description of the idea (without the workings) would be enough to get you at least the 50% you are aiming for in everything)).

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