Is it acceptable to use abbreviations in the exam without first giving their full description?
For example, is it acceptable to write 'Inventory should be valued at the lower of cost and NRV' instead of 'Inventory should be valued at the lower of cost and net realisable value (NRV)', if it's the first time that the net realisable value is mentioned in my answer to an exam question? And the most importantly, will I lose marks for not providing the full description before using an abbreviation?
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The use of abbreviations in the exam
5y ago#1See here - you should write in full at first mention: https://opentuition.com/topic/answering-the-questions-2
5y ago#3NO - each question requirement has its own separate workspace for a constructed response - there is no "first page".
5y ago#5Same applies - each Q should be indicated at the top of each page - there shouldn't be different rules for you simply because you are in the minority sitting paper-based. You would get away with using NRV as it has been around for 40 years - but you should not "make up" things like "EL".
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