PV rounding on BEC?

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  • #2084028

    Iceman
    Participant

    I'm using Wiley questions and those about NPV and PV usually give the PV and PVA factors to you. I use Excel 24/7 in job, in college, in life and plan to use it for the exam. But of course Excel's PV formula will give you an answer that's a few $ different from Wiley's MCQ answer due to rounding of the factors (excel is more accurate of course). THis is fine for MCQs, but will any of these questions also be on the TBS?

    If so, what are the rounding tolerances for the MCQ fill-in-the blank with $ amount boxes?

    AUD - 93
    BEC - 90
    FAR - 90
    REG - 92
    CFA charterholder (2009)
    #2084259
    Recked
    Recked
    Participant

    If I remember corrected they provide the tolerances in the question.
    I feel like round to the nearest dollar might have been the instruction but really can't remember.
    Suggest checking out the AICPA sample SIMs to review the instructions for any clues.
    Words of advice when using excel on the exam. Don't slip up and fall down a rabbit hole. Excel is a blessing and a curse if you are OCD and NEED things to match. Trust me, I fell into that trap. Always be aware of the ticking clock.

    Memento Mori - Kingston NY CPA & EA (SUNY Albany 2002)

    FAR-93 11/9/17 (10wks, 250 hrs, Roger 1800+ MCQs, Gleim TB 600+MCQs, SIMs)
    AUD-88 12/7/17 (3 wks, 85 hrs, Roger 1000 MCQs no SIMs hail mary)
    REG-96 1/18/18 (6 wks, 110 hrs, 1400 MCQs, no SIMs)
    BEC-91 2/16/18 (4wks, 90 hrs, 1240 MCQs)

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