Ib G Jun17 Accn2 Mark Scheme [RECOMMENDED]
ghost transaction that makes the stolen billions appear as a "Provision for Doubtful Debts," freezing the funds in limbo. The Ending
In Section A, students were required to answer two questions from a choice of three. The questions covered topics such as the preparation of financial statements, accounting ratios, and the analysis of financial performance. The mark scheme for this section emphasized:
While the specific mark scheme for ACCN2 June 2017 was not directly found in these search results, the document does exist and is discoverable. Understanding that you are looking for an AQA A-Level resource, not an IB one, is the key. Use precise search terms, check the publication dates, and prioritize official sources. More importantly, recognize the power of the mark scheme as a learning tool that goes far beyond answer-checking.
Calculating a full year’s depreciation when an asset was bought mid-year.
| Mark | Explanation | |------|-------------| | M1 | Cost of sales = Sales × (1 – Gross profit margin) = 100,000 × 0.75 = $75,000 | | M2 | Purchases = Cost of sales – Opening inventory + Closing inventory = 75,000 – 10,000 + 15,000 = $80,000 | | M3 | Trade payables (closing) = Purchases – Payments to suppliers = 80,000 – 70,000 = $10,000 | | A1 | All three figures correct and clearly labeled. | Ib G Jun17 Accn2 Mark Scheme
Awareness of these syllabus changes can provide invaluable context when you're working through the 2017 paper and its mark scheme, helping you anticipate which areas were likely emphasized in that exam.
| Topic | Question reference in Jun17 | Marks available | My proficiency (1-5) | |-------|----------------------------|----------------|----------------------| | Manufacturing account | Q1 | 12 | ___ | | Limited company P&L | Q2 | 20 | ___ | | Bank reconciliation | Q3 | 8 | ___ | | Goodwill in partnerships | Q4 | 15 | ___ | | Ratio analysis (ROCE, Current ratio) | Q5 | 9 | ___ | | Incomplete records | Q6 | 16 | ___ |
The mark scheme establishes clear protocols for adjusting current assets dynamically when bad debts or provisions shift: : Established at £24,600.
Many students applied margin to cost of sales instead of sales. The mark scheme reinforces: Margin is percentage of sales, mark-up is percentage of cost. ghost transaction that makes the stolen billions appear
: Calculating straight-line or reducing balance depreciation and recording the journal entries.
A significant portion of the marks was dedicated to making year-end adjustments and preparing final accounts. Key adjustments in the mark scheme included:
The mark scheme is not just a list of answers. It is a that tells examiners exactly where to award (and deduct) marks. It is divided into three key sections:
The 2017 mark scheme was particularly strict on year-end adjustments. Common pitfalls included: The mark scheme for this section emphasized: While
The is a critical, student-friendly mechanism used by AQA markers. If a candidate makes an arithmetic error early in a multi-step question (e.g., calculation of gross profit), they will lose that initial mark. However, as long as their subsequent calculations follow the correct accounting methodology using that incorrect figure, full "OF" marks are awarded down the line. Quality of Presentation & QWC
If you found this guide helpful, share it with your accounting study group. Good luck with your examinations.
Mastering this specific mark scheme is highly valuable for students navigating advanced high school accounting, as it demonstrates exactly how examiners award marks for adjustments like bad debts, provisions, and depreciation. Anatomy of the June 2017 ACCN2 Examination
According to the examiner notes within the mark scheme, students frequently lost marks due to:
