The June 2017 mark scheme emphasized that journal entries must include clear narratives. Omitting a brief explanation of the correction resulted in a loss of easy layout marks.
: It provides clear examples of how to account for bad debts and calculate the resulting change in provision (e.g., identifying a £600 bad debt to reach a correct 3% provision). Non-Current Assets
: Adjustments for "sale or return" goods, where revenue must be adjusted (e.g., deducting £27,000 in specific workings).
Arthur paused. The mark scheme felt heavy in his hands. He had been an examiner for fifteen years. He had seen students calculate depreciation on a pencil. He had seen them treat a loan as revenue. But this... this felt different. The numbers on the student's page seemed to vibrate.
In the written sections assessing business performance, students often restate the calculated ratios without explaining why the changes occurred or what actions management should take. How to Use the Mark Scheme for Revision Ib G Jun17 Accn2 Mark Scheme
The ACCN2 paper typically consists of several structured computational and narrative questions. In the June 2017 series, the exam tested a blend of practical bookkeeping skills and theoretical understanding. Key topics covered in this series include:
– Required candidates to amend a draft income statement and construct a Statement of Changes in Equity for "Bergo Ltd" following eight distinct transactions.
The June 2017 paper was considered by many tutors to be of “standard difficulty,” with a few challenging questions on goodwill and incomplete records.
To maximize the value of the June 2017 ACCN2 mark scheme, follow this structured revision approach: The June 2017 mark scheme emphasized that journal
Make sure you only include info relevant to the Income Statement. Items 7 and 8 were for the Statement of Changes in Equity—don't let them trip you up!
Therefore, the complete code identifies the official document containing the mark scheme for the .
) to secure full marks rather than just writing the net book value. AQA Marking Principles: Securing "Own Figure" Marks
Marks are explicitly split between calculating the correct adjustment and placing it in the correct statement. Missing a prepayment calculation costs an AO2 mark; putting it under current liabilities instead of current assets costs an AO1 structure mark. Non-Current Assets : Adjustments for "sale or return"
In Section A, students were required to answer two questions from a choice of three. The questions covered topics such as the preparation of financial statements, accounting ratios, and the analysis of financial performance. The mark scheme for this section emphasized:
: The mark scheme strictly enforced that interest expenses must be categorized cleanly under finance costs rather than operating expenses. Examiner Marking Principles & Rules
Accept alternative sequencing if logical. Do not award M3 if purchases are incorrect unless OFR applied.
He picked up his red pen—he called it "The Executioner"—and flipped open the next script. Candidate 847.