Ib G Jun17 Accn2 — Mark Scheme High Quality

Mark schemes are developed by Lead Assessment Writers and a panel of subject teachers to ensure consistent and fair evaluation of student responses across all examiners. For the ACCN2 June 2017 paper, the mark scheme serves as a "working document" that may be expanded based on unusual but valid student responses during the standardisation process. Key Assessment Principles

Positive Marking: Examiners are instructed to award marks for what is present in a student's answer rather than deducting for what is missing.

"Own Figure" (OF) Rule: This critical rule allows students to receive marks for using the correct method even if they are working with an incorrect figure carried over from a previous calculation error.

Quality of Written Communication (QWC): Four marks out of the total 80 are typically reserved for the student's ability to use specialist vocabulary, organize information clearly, and use proper English. Sample Question Content (June 2017)

The June 2017 paper included specific financial accounting tasks, such as:

Provision for Doubtful Debts: Calculating adjustments to trade receivables (e.g., adjusting a £24,600 balance by a 3% provision to reach £738) and recording the change in provision (e.g., a £62 or £80 change depending on initial figures).

Non-Current Assets: Handling cost and depreciation without necessarily netting them off (e.g., showing a cost of £3,000 and depreciation of £750 separately).

Assessment Objectives: The paper evaluates multiple objectives: AO1 (Knowledge and Understanding), AO2 (Application), and AO3 (Analysis and Evaluation). Where to Find Official Copies AQA A level Accounting ACCN2 Past Papers - CIE Notes

The code " Ib G Jun17 Accn2 Mark Scheme " refers to the official AQA AS Accounting (ACCN2) mark scheme for the June 2017 examination.

The "Ib/G" prefix is a standard administrative code used by AQA on their exam papers (e.g., IB/G/M/Jun17/ACCN2 ). This specific paper, titled Unit 2: Financial and Management Accounting

, covers topics like partnership accounts, company financial statements, and ratio analysis. Where to Find the Mark Scheme

You can access the full PDF through several educational resource platforms: AS Level Accounting Past Papers : Provides a direct download link for the AQA-ACCN2-W-MS-Jun17.pdf Ib G Jun17 Accn2 Mark Scheme

: Features the full 18-page final mark scheme including specific "Own Figure" (OF) marking guidance.

: A repository that hosts multiple years of ACCN2 question papers and mark schemes. Key Content Highlights The June 2017 ACCN2 mark scheme includes solutions for: Bergo Limited

: Income statements and adjustments for items like depreciation and provision for doubtful debts.

: Calculations for gross profit mark-up, margin, and profit-in-relation-to-revenue ratios. Provision for Doubtful Debts

: Calculations showing trade receivables of £24,600 with a 3% provision (£738). Course Hero from this 2017 paper? Understanding the ACCN2 Financial Accounting Mark Scheme

The AQA AS Accounting (ACCN2) June 2017 mark scheme features detailed, legacy-specification solutions covering provisions for doubtful debts, non-current asset depreciation, and financial ratios. Key topics addressed in this paper include liquidity assessment and calculating ROCE, alongside adjustments to trade receivables. Access the full mark scheme at 18 AQA-ACCN2-W-MS-Final Mark Scheme-June 2017

Understanding the IB G Jun17 Accn2 Mark Scheme: A Comprehensive Guide

The International Baccalaureate (IB) Diploma Programme is a rigorous and well-structured curriculum that prepares students for success in higher education and beyond. One of the key components of the IB programme is the assessment and evaluation of student performance, which is guided by detailed mark schemes. In this article, we will focus on the IB G Jun17 Accn2 Mark Scheme, providing an in-depth analysis of its structure, content, and implications for students and educators.

What is the IB G Jun17 Accn2 Mark Scheme?

The IB G Jun17 Accn2 Mark Scheme is a document that outlines the assessment criteria and marking guidelines for the Accounting (Accn2) paper, specifically for the June 2017 session. The scheme provides a detailed breakdown of the marks allocated to each question, as well as the criteria for evaluating student responses.

Structure of the Mark Scheme

The IB G Jun17 Accn2 Mark Scheme is divided into several sections, each corresponding to a specific question or set of questions on the Accn2 paper. The scheme typically includes:

1. Question-specific guidance: This section provides detailed instructions on how to approach each question, including the types of answers expected, the level of detail required, and any specific terminology or concepts that should be used.
2. Mark allocation: This section outlines the marks allocated to each question or part of a question, providing a clear indication of the relative importance of each section.
3. Assessment criteria: This section describes the criteria used to evaluate student responses, including the levels of achievement (e.g., excellent, good, fair, poor) and the corresponding mark ranges.
4. Exemplar answers: In some cases, the mark scheme may include exemplar answers or sample responses that illustrate the expected level of performance for a particular question or section.

Key Features of the Mark Scheme

The IB G Jun17 Accn2 Mark Scheme has several key features that are essential for students and educators to understand:

1. Criterion-referenced assessment: The mark scheme is based on a criterion-referenced approach, which means that students are assessed against a set of predefined criteria rather than being compared to their peers.
2. Levels of achievement: The scheme uses a levels-of-achievement framework to describe the expected standards of performance, ranging from excellent to poor.
3. Mark bands: The scheme uses mark bands to group marks into ranges, providing a clear indication of the level of performance achieved.

Implications for Students

The IB G Jun17 Accn2 Mark Scheme has several implications for students:

1. Understanding the assessment criteria: Students need to familiarize themselves with the assessment criteria and marking guidelines to ensure they understand what is expected of them.
2. Developing a deep understanding of the subject matter: Students need to develop a deep understanding of the accounting concepts and principles covered on the Accn2 paper.
3. Practicing past papers and questions: Students should practice past papers and questions to develop their skills and build confidence in their ability to apply the concepts and principles.

Implications for Educators

The IB G Jun17 Accn2 Mark Scheme also has implications for educators:

1. Teaching to the assessment criteria: Educators should ensure that their teaching is aligned with the assessment criteria and marking guidelines, focusing on the key concepts and principles covered on the Accn2 paper.
2. Using the mark scheme to inform instruction: Educators can use the mark scheme to inform their instruction, identifying areas where students may need additional support or review.
3. Providing feedback to students: Educators should provide feedback to students that is aligned with the assessment criteria and marking guidelines, helping them to understand their strengths and weaknesses.

Conclusion

The IB G Jun17 Accn2 Mark Scheme is a critical document that provides a detailed outline of the assessment criteria and marking guidelines for the Accounting (Accn2) paper. By understanding the structure, content, and implications of the mark scheme, students and educators can better prepare for the Accn2 paper and achieve success in the IB Diploma Programme.

Recommendations

Based on the analysis of the IB G Jun17 Accn2 Mark Scheme, we recommend that: Mark schemes are developed by Lead Assessment Writers

1. Students familiarize themselves with the assessment criteria and marking guidelines, and practice past papers and questions to build their skills and confidence.
2. Educators use the mark scheme to inform their instruction, teaching to the assessment criteria, and providing feedback to students that is aligned with the marking guidelines.
3. Both students and educators focus on developing a deep understanding of the accounting concepts and principles covered on the Accn2 paper, and use the mark scheme as a tool to support their learning and teaching.

By following these recommendations, students and educators can work together to achieve success in the IB Diploma Programme and develop a lifelong love of learning.

Final Pro-Tip: The Examiner's Report

Always read the Examiner's Report that accompanies the Jun17 Accn2 mark scheme. This report lists the actual mistakes students made in that exam.

• For June 2017, common failures included misclassifying "Interest on Drawings" in Partnership accounts and forgetting the "Provision for Depreciation" account in disposal questions.

2. Section A: Resource Analysis (Detailed Breakdown)

Note: While the exact resource varies by exam series, the June 2017 paper typically featured data on migration or development indicators.

Question 1: Sole Trader Financial Statements

Typical adjustments: Closing stock £5,200; Accrued wages £800; Prepaid rent £400; Depreciation 10% straight line on fixtures (cost £20,000); Bad debt write-off £300; Provision for doubtful debts at 5% of receivables after write-off.

Mark scheme extract (style):

| 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 | | Total marks | 28 | |

Common errors penalised:

• Including closing stock in the trial balance columns.
• Showing provisions as liabilities (they are deducted from receivables).
• Forgetting to adjust drawings for cash or goods taken.
• Incorrect calculation of net receivables (e.g., provision on gross debtors before writing off bad debt).

For 15-Mark Questions (Synthesis & Evaluation)

• 0-5 marks: Descriptive; no argument; very general.
• 6-9 marks: Some attempt at an argument; perhaps one-sided; limited conclusion.
• 10-12 marks: Clear argument; some evaluation (pros and cons); structured conclusion, but perhaps not fully integrated.
• 13-15 marks: Synthesis: Arguments are well integrated and balanced. Evaluation: Explicit judgment is made throughout, not just in the conclusion. The conclusion is substantiated by the evidence provided in the body paragraphs.

1. The "Correct Answer" (The Obvious Part)

For numerical questions (e.g., "Calculate Net Profit"), the mark scheme shows the final figure. However, it also shows alternative methods. If you got £42,000 via a different route than the examiner, you still get the marks—provided your logic is sound.

3. How to Use the Jun17 ACCN2 Mark Scheme for Maximum Benefit

Simply looking at the answers is not enough. Follow this 5-step strategy:

Step 5: Review the "Additional Guidance" Section

The end of each mark scheme contains notes like:

• “Accept alternative wording for accounting principles” – meaning you don’t need verbatim definitions.
• “Do not accept ‘sales’ for ‘revenue’ in limited company accounts” – showing the specificity required.