Ib G Jun17 Accn2 Mark Scheme -
: Examiners prioritize the "Own Figure Rule" (OF), allowing students to gain marks for subsequent steps even if an initial calculation is incorrect.
| Code Component | Meaning | Explanation | | :--- | :--- | :--- | | | Internal AQA Document Code | This is an internal code used by AQA, the exam board, to identify a mark scheme. It is not an abbreviation for "International Baccalaureate." | | G | Unconfirmed / General | While its precise meaning is uncertain without the official AQA specification, it is likely an internal administrative code used by AQA. | | Jun17 | Examination Series | This specifies the examination was taken in June 2017 . | | Accn2 | Unit Code | ACCN2 is the unit code for the Financial and Management Accounting module in the AQA A-level Accounting qualification. | | Mark Scheme | Document Type | Indicates that this is the official mark scheme for the exam, used to assess student answers. |
The mark scheme awards distinct marks for calculating the net book value before applying reducing balance percentages.
: If a specific bad debt exists (e.g.,
A: Unofficial mark schemes (often labeled as "student-made" or "unofficial") can be useful for a quick check, but they should never be your sole source of reference . Always verify important points against the official AQA mark scheme, as student-created ones may contain inaccuracies or omissions.
Drafting the Income Statement or Statement of Financial Position.
Word count: 570
Added to expenses to ensure the income statement reflects costs incurred, not just cash paid. 2. Structure of the Mark Scheme
Share capital (50,000 £1 ordinary shares fully paid), share premium £10,000, revaluation surplus £5,000, retained earnings b/f £22,000. Corporation tax provision £8,000. Proposed dividend 10p per share.
The mark scheme heavily utilizes the OFR. If you make an early calculation error, you will not be penalized repeatedly. As long as your subsequent steps follow the correct accounting logic using your "own figure," you can still claim full working marks. Ib G Jun17 Accn2 Mark Scheme
In addition to the mark scheme, AQA also publishes a "Report on the Examination" for each session. This report provides a narrative overview of the exam, including questions that students found difficult, common mistakes, and examples of strong answers. Reading this report is like having a conversation with the Principal Examiner—it provides invaluable insights into how to avoid the pitfalls that cost other students marks.
While the IB's marking criteria are valuable for understanding how points are awarded, the 'ACCN2' code is not part of the IB's naming system. Recognizing this distinction is the first step in locating the correct past paper and its corresponding mark scheme.
While individual past papers vary slightly in focus, the June 2017 ACCN2 exam fundamentally evaluated core proficiencies across several key areas: 1. Financial Statements for Sole Traders : Examiners prioritize the "Own Figure Rule" (OF),
The mark scheme for this period utilizes a specific coding system to ensure fairness across all examiners. 1. The "Own Figure" (OF) Rule
Use the official mark scheme strictly. Be harsh on your layouts and labeling.