Ib G Jun17 Accn2 Mark Scheme [upd] -

Use a red pen to mark your work against the scheme. Pay close attention to where you lost "easy" marks, such as missing headers or incorrect labeling.

: A mix of short-answer computational tasks, extended financial statement construction, and written evaluative questions. Core Topics Tested in the June 2017 Series

To use the document effectively, you first need to understand what its filename means. The code is a structured identifier used by the exam board:

Using a mark scheme is a different process from simply checking your answers. It is a powerful tool for developing exam technique. Here is a step-by-step guide:

For example, for the knowledge and understanding assessment objective, the marking descriptors might include: Ib G Jun17 Accn2 Mark Scheme

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

If you are stuck on a specific question from the June 2017 paper—like a particular ledger account or ratio calculation—tell me the details and I can walk you through the logic!

The marking scheme for Section A is straightforward, with 1 mark awarded for each correct answer.

Failing to deduct the debt from Accounts Receivable before calculating a new provision for doubtful debts. How to Use the Mark Scheme for Revision Use a red pen to mark your work against the scheme

: The exam featured a detailed income statement for "Bergo Limited," requiring students to handle eight pieces of additional information, including finance costs and statements of changes in equity.

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.

To achieve Level 3 or Level 4 marks in the written evaluation, candidates must link the ratios back to the specific business scenario provided in the prompt (e.g., discussing liquidity issues in relation to a supplier's credit terms). ⚠️ Common Pitfalls Identified by Examiners

The ACCN2 module focuses heavily on the application of accounting techniques to sole traders, partnerships, and limited companies. The June 2017 paper tested core competencies in: Financial statements preparation and adjustments. Ratio analysis and interpretation. Core Topics Tested in the June 2017 Series

: Always deduct specific bad debts from trade receivables before calculating the percentage for the general provision.

💡 : When self-marking, look for the (1) or (1OF) symbols next to figures to understand exactly where you would have gained or lost marks.

A core component of this paper involved making year-end adjustments to prepare income statements or balance sheets.