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Level 3 - Computerised exam

  • Fellow PM.Dip
  • Practice Licence
  • 14 posts
  • # 72853

Hi

I wondered whether anyone can help please. I have just done the Wilcox & Co mock exam and the goodwill distribution between Wilcox and Brazil has been calculated to the penny. I am used to rounding to the nearest £, would this be marked down in the exam though?

Thank you!

Charlotte

  • 7 posts
  • # 72855

Did you work to the nearst £ in direction of the question or from your own, because if it is demanded to convert then the you are in the right direction.

  • Member PM.Dip
  • 109 posts
  • # 72861

Charlotte Grace said:

Hi

I wondered whether anyone can help please. I have just done the Wilcox & Co mock exam and the goodwill distribution between Wilcox and Brazil has been calculated to the penny. I am used to rounding to the nearest £, would this be marked down in the exam though?

Thank you!

Charlotte


I have always entered everything in to the penny - as in real life if you round everything to the nearest pound, it could add up to a large variance.

I am not sure how the exam actually works, but I would personally not round up - especially as the mock has the answer with pennies in.  I also have never seen any instruction on the actual exam papers to round up therefore would be wary of doing it.

Hope that helps

Sandra

  • Fellow PM.Dip
  • Practice Licence
  • 14 posts
  • # 72930

Thank you both for your replies! I think it will be safest to work things out to the penny!

  • 11 posts
  • # 72968

Always calculate to the penny on these exams, and that includes the balance sheet.

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