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Show your workings

29 June 2018

Muddled and non-existent workings is hindering ACCA candidates in both the paper based and CBE exams, says the F7 examiner.

Students were told that the marking team are unable to award any marks for incorrect balances where no working exists. The examiner stressed that showing your workings, in an organised manner is crucial to enable the marking team to ward the maximum marks available.

The own figures rule also remains a key factor in the constructed response questions, emphasised the examiner. So, where candidates fail to deduct the issue costs from the nominal value of a loan note issued in the year they can still gain credit for both the statement of profit or loss effective interest and the completion of the amortised cost method using their own figures. He said: “If no working was shown then these marks would be lost.”

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