Ib G Jun17 Accn2 Mark Scheme |best|
Use the Jun17 mark scheme to grade your paper. Be strict with your layouts and labeling. Mark where you benefited from the Own Figure Rule (OFR).
Marks are given for identifying fixed vs. variable costs, calculating the contribution per unit, and determining the margin of safety. Common Pitfalls Identified by Examiners
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The June 2017 ACCN2 exam was a balanced paper that rewarded students who mastered the mechanics of double-entry bookkeeping while maintaining a "big picture" view of business health. By studying the mark scheme, you gain insight into the technical accuracy required to succeed in A-Level Accounting. Ib G Jun17 Accn2 Mark Scheme
If you have recently typed the phrase into a search engine, you are likely an A-Level Accounting student or a teacher preparing for the summer examinations. This seemingly cryptic string of characters holds the key to understanding how marks were awarded for a specific exam paper.
If you're looking for the mark scheme for June 2017 , Core Topics and Marking Highlights
Interest on drawings is deducted after net profit, not before. The Jun17 mark scheme showed a strict order: Use the Jun17 mark scheme to grade your paper
Mark schemes are meticulously developed by a Lead Assessment Writer and a panel of subject teachers. They undergo amendments at standardisation events to ensure consistency and fairness in marking across all exam papers. By studying the mark scheme, students can understand precisely what examiners are looking for and tailor their answers to meet those requirements.
For students using past papers to revise:
Remember to net off any actual bad debts before calculating the percentage for the provision. The £80 reduction in provision this year should be added to your profit. Marks are given for identifying fixed vs
Confusing debits and credits in adjustments, particularly regarding prepayments and accruals.
| 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 | ___ |