Rounding Places in Auditing Sims

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  • #173242
    taupat2012
    Member

    I did the Becker Final Test two, and there were some questions on the sims for ratios. The question did not specify that I had to round so I just plugged in the formula directly into the cell, and the answer came out to have over 10 decimal places. I got the answers wrong because of this. The Becker solution shows that there should be only two decimal places.

    I am sure that on the real exam it will say how many decimal places to round to, so how do I set the formula so that it is only 2 decimal places. For example if you enter =1/3, it will be .3333333. How do I make it so that it is already rounded.

    Also if i just enter the answer manually without using the formula, will I get points deducted?

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  • #362380
    Anonymous
    Inactive

    I don't think you can change this on the exam calculator. However, you can double check by playing around with the calculator in the sample exam on the AICPA website. Just use your basic rounding rules (they do still teach this I hope!). Anything less than 5 round down and anything above 5 round up. .33333 to 2 decimals is just .33. .2983823 would round to .30.

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