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Hi all,
just about to sit level 2 manual and was wondering if I should be concerned about rounding up/down on depreciation and Vat.
I've read that to round down on vat if required to the nearest penny but what about depreciation?
any help would be great right now, getting nervous
kelly
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HI Kelly
For depreciation i suggest you use the normal 5/4 rounding rules.
Kind regards
Nick
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Thank you Nick for your reply,
im going to sound really stupid now but what are the 5/4 rules?
slightly worried now.?
Kelly
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KellyAnnesaid:
“Thank you Nick for your reply,
im going to sound really stupid now but what are the 5/4 rules?
slightly worried now.?
Kelly ”
Hi, Kelly
The 5/4 rule is simple. I know when your going to see this you will say i knew that  . If its a 5 or more at the end after the decimal round it up.... if its a 4 or less round it down.
e.g 1.534 will be 1.53 1.532 will be 1.53
1.535 will be 1.54 1.537 will be 1.54
Simple I told you  .
Take Care
Irfan
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FANIXsaid:
“KellyAnnesaid:
“Thank you Nick for your reply,
im going to sound really stupid now but what are the 5/4 rules?
slightly worried now.?
Kelly ”
Hi, Kelly
The 5/4 rule is simple. I know when your going to see this you will say i knew that . If its a 5 or more at the end after the decimal round it up.... if its a 4 or less round it down.
e.g 1.534 will be 1.53 1.532 will be 1.53
1.535 will be 1.54 1.537 will be 1.54
Simple I told you .
Take Care
Irfan ”
Haha. I knew that. Just didn't know is was referred to as 5/4
thank you, at least I can sleep tonight now
hehe
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- Member
- Practice Licence
- 44 posts
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I just took the level 2 exam today and didn't get any questions that required rounding.
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Paul Wsaid:
“I just took the level 2 exam today and didn't get any questions that required rounding.”
That's great. How was it?
im training with ideal schools(which are great) just hoping I've covered all the work
kelly
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- Member
- Practice Licence
- 44 posts
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KellyAnnesaid:
“Paul Wsaid:
“I just took the level 2 exam today and didn't get any questions that required rounding.”
That's great. How was it?
im training with ideal schools(which are great) just hoping I've covered all the work
kelly ”
It was quite straightforward, all the figures were whole numbers, I don't think any of the answers had any odd pennies.
Try not to overthink the questions too much, I got 2 wrong because I changed my mind.
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goodo, thanks for your help and well done.
kelly
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Congratulations Paul and thank you for the mock papers.
I have mine today so getting quite nervous now. It all seems to be muddling around in my head, dont forget this and remmember that. Wondering if I should not look at the books today and just do it. 
Im just hoping for a pass.
Michelle
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Good luck Michelle let us know how you get on?
kelly
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chellawsonsaid:
“Congratulations Paul and thank you for the mock papers.
I have mine today so getting quite nervous now. It all seems to be muddling around in my head, dont forget this and remmember that. Wondering if I should not look at the books today and just do it.
Im just hoping for a pass.
Michelle ”
Hi, Good luck and best wishes on your exam .. dont worry you will be fine . i think when i am writing this you should have already sat in the exam .. please let us know how it went on ..
Take Care .. wishing you best of luck..
irfan
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Hi all,
Thank you for your good wishes................im pleased to say I PASSED..........
Not sure on the mark yet got to wait til tomorrow I think before I will know.
However, I woud like to say that my experience at the test centre was not the best so am hoping this has not affected my mark to much.
Michelle
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chellawsonsaid:
“Hi all,
Thank you for your good wishes................im pleased to say I PASSED..........
Not sure on the mark yet got to wait til tomorrow I think before I will know.
However, I woud like to say that my experience at the test centre was not the best so am hoping this has not affected my mark to much.
Michelle ”
Well done, for passing.
sorry to hear that being at the test centre wasn't good. Can you share the experience so that we can maybe be prepaid for it.?
at the end of the day, you passed and that's fab
kelly
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Hi Kelly,
Yes like you say I passed so I can now move onto level 2 computerised so I am thrilled, its just a little niggle that I got 91% in my mock haven't had the score yet but it is still early
The test centre was fully airconditioned which I was pleased about considering the weather yesterday but I was sat in the middle of the row with all these computer terminals and they are the old fashioned screen so quite big which makes them very close to you and not leaving much room on the desk.
It would have been better if I could have had the side room, dont want much do I
But the problem I had was they gave me a calculator which was one of these long technical one with all the formula keys and the keys were so small too, I got through a few question but could use this calculator there was no percent key and i kept hitting the other keys. I had to put may hand up and ask for another calculator so lost abit of time whislt she went to find another one. I then had to go back and recalculte my answers good job I did as there were errors.
So my advice would be make sure you are confortable with the calculator they provide you with and if not get it changed before you start the exam.
Good luck with your exam
Michelle
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