Ib G Jun17 Accn2 Mark Scheme ((top)) | No Sign-up |
As an educational resource, the mark scheme is copyrighted by the examination board (likely AQA). You can obtain it from:
What (e.g., depreciation, cash budgets, control accounts) is giving you the most trouble?
The latter half of the paper expected students to move beyond calculations and analyze business performance. The mark scheme provided strict criteria for evaluating:
| | Topics Removed | | :--- | :--- | | The impact of ethical considerations on accounting practices. | (Specific removals are not detailed in the provided text but are mentioned in the source as a general category). | | The role of the accountant in developing and overseeing accounting information systems. | | | Correcting errors in double entry using the journal, including the use of a suspense account. | | Ib G Jun17 Accn2 Mark Scheme
This article provides a thorough analysis of the , exploring its structure, common pitfalls, and how to use it effectively for revision.
For 8-mark or 12-mark evaluative questions, look at the levels of response grid. Note how the mark scheme awards higher-tier marks to answers that present balanced arguments and a justified conclusion rather than just a list of points.
Costs of sales must be clearly deducted from revenue to show gross profit before expenses are listed. As an educational resource, the mark scheme is
The ACCN2 paper focus is "Financial and Management Accounting." Unlike introductory papers, this unit requires a blend of computational precision and narrative evaluation. The June 2017 series followed a standardized structure: : 90 marks. Time Allotted : 1 hour and 30 minutes.
A: Because it teaches you how to earn points. It reveals the specific keywords, formulas, and logical steps that examiners look for. This allows you to structure your answers in a way that targets those marks, making your revision much more efficient and effective.
Marks are awarded for the correct direction of adjustments (e.g., whether an unrecorded invoice should be added or subtracted from the balance). 3. Ratio Analysis and Evaluation The mark scheme provided strict criteria for evaluating:
Analyzing this specific mark scheme helps students master financial statements, partnership accounts, and ratio analysis. Structure of the ACCN2 June 2017 Exam
| Item | Marks | Notes | |------|-------|-------| | Trading account – correct format | 2 | Title, separation from P&L, working | | Sales (less returns) | 1 | Correct net sales | | Opening stock + Purchases | 1 | Plus carriage inwards (if any) | | Less closing stock | 1 | OFR allowed | | Gross profit (balance) | 1 | Must be labelled | | Expenses: | | – Wages (trial balance + accrued) | 2 | 1 for adding accrual | | – Rent (trial balance – prepayment) | 2 | 1 for deducting prepayment | | – Depreciation | 2 | 1 for calculation (£20,000 × 10% = £2,000) | | – Bad debts (write-off) | 1 | P&L debit | | – Provision for doubtful debts | 2 | 1 for calc (5% of net receivables), 1 for adjustment (increase/decrease) | | Net profit | 1 | OFR | | Balance sheet – Non-current assets (cost – depn) | 2 | Separate cost and accumulated depn | | Current assets (stock, receivables less provision, prepayment, bank) | 3 | List correct order | | Current liabilities (payables, accrual) | 1 | | | Capital – opening + net profit – drawings | 2 | OFR | | | 28 | |
The ACCN2 module, titled "Financial and Management Accounting," focuses on the practical application of accounting techniques. By June 2017, the exam had established a reputation for testing precision in data entry and the ability to interpret financial health through margin and ratio analysis. Key Focus Areas of the June 2017 Paper
A: First, check the “Alternative Answers” section of the mark scheme. If your method is a valid accounting treatment (e.g., using FIFO instead of AVCO when both are acceptable), you may be correct. If not, learn from the official method.