The marking scheme for Section B is more complex, with marks allocated based on the student's ability to:
To gain the maximum benefit from the June 2017 materials, structure your revision session using these steps:
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: Awarded for a specific correct statement, label, or figure independent of other work. Ib G Jun17 Accn2 Mark Scheme
Testing the ability to derive figures like credit sales or purchases using control accounts.
Testing the differences between FIFO (First-In, First-Out) and AVCO (Average Cost) methods.
: Hosts a collection of AQA AS Level Accounting Mark Schemes, including the June 2017 version. The marking scheme for Section B is more
– Required candidates to amend a draft income statement and construct a Statement of Changes in Equity for "Bergo Ltd" following eight distinct transactions.
| | 2016 | 2017 | | --- | --- | --- | | Revenue | $100,000 | $120,000 | | Cost of goods sold | $60,000 | $70,000 | | Gross profit | $40,000 | $50,000 |
While individual past papers vary slightly in focus, the June 2017 ACCN2 exam fundamentally evaluated core proficiencies across several key areas: 1. Financial Statements for Sole Traders Can’t copy the link right now
| Section | Marks | Details | |---------|-------|---------| | Prime cost = direct materials + direct labour + direct expenses | 2 | | | Add factory overheads | 2 | List each overhead separately or total | | Add opening work-in-progress | 1 | | | Less closing work-in-progress | 1 | | | | 1 | Must be clearly labelled | | (If required: Finished goods schedule) | 2 | Opening FG + production – closing FG = cost of sales | | Total marks | 9 | (plus marks for correct format and sub-headings) |
This question evaluated the ability to construct accounts using the accounting equation when a full set of books is unavailable.
The IB/G/Jun17/ACCN2 mark scheme is a clear guide that prioritizes methodical accounting over simply reaching a final number. By studying the detailed workings provided in the scheme, students can understand how to approach similar problems in their own exams.
