[Anonymous]

Not sure if anyone will be able to answer this question or not, but does anybody know how forgiving the exam is when it comes to rounding during your simulations?

I recently encountered a sim in CPAexcel regarding interest capitalization. You first had to calculate the interest rate, then multiply this value by AAE to get the amount of capitalized interest.

The rate was: 5.8333333333%. CPAexcel, however, rounded this amount to 5.83% before multiplying by AAE to get a final answer that was about $20 different from the “real” answer.

So I guess this question applies to all sections in which calculations are necessary.

[P or F.. I think Im gonna BARF]

Probably not forgiving at all – they specify how they want you to round… make sure you read the instructions on the actual exam.

B - (08/29/2013) Passed
A - (07/02/2013) Passed
R - (10/17/2013) 73 - Rematch
F - (05/29/2013) Passed

[Author]

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