Ib G Jun17 Accn2 Mark Scheme ((exclusive)) -
Failing to properly label subtotals like Gross Profit , Operating Profit , and Net Assets in financial statements.
Calculate purchases and the closing trade payables.
Stating ratios without their proper units (e.g., writing "2" instead of "2:1" for the current ratio, or omitting the "%" sign for the gross profit margin). Strategic Tips for Using This Mark Scheme for Revision Master the "Own Figure" (OF) Rule
The marking scheme is a highly detailed document, organized question by question to provide a clear framework for awarding marks. Here is how it is structured: Ib G Jun17 Accn2 Mark Scheme
The mark scheme splits assessment criteria into clear categories to ensure consistency across all examiners. It rewards precise calculations and well-structured written analysis.
For Jun17, look for questions where you earned M marks but not A marks. This indicates you understand the method but need to check arithmetic.
Four marks within the unit are allocated specifically to the and structural presentation: Understanding the ACCN2 Financial Accounting Mark Scheme Failing to properly label subtotals like Gross Profit
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.
The official mark scheme is not just an answer key; it is a pedagogical tool. Here is how it is typically laid out:
The paper typically covers:
The 2017 paper featured a complex question on inventory that required adjusting for "sale or return" goods and damaged stock.
Understanding the mark scheme is just as important as mastering the syllabus content. It offers a direct look into the examiner’s mind, showing exactly how marks are allocated for financial statements, ratios, and evaluative comments. Understanding the ACCN2 Assessment