The paper likely comprised:
Question 1 – Financial Statements (25–30 marks)
Sole trader or partnership.
Question 2 – Limited Companies (20–25 marks)
Question 3 – Incomplete Records (15–20 marks)
Question 4 – Manufacturing Account (15–20 marks)
Question 5 – Costing & Break-even (15–20 marks)
The International Baccalaureate (IB) Group 6 (Jun 17) Accounting (Accn2) examination assesses students' understanding and application of accounting principles and concepts. The mark scheme is a crucial document that provides detailed information on how examiners assess and grade student responses. In this tutorial, we will delve into the intricacies of the IB Group 6 (Jun 17) Accounting (Accn2) mark scheme, helping you understand its structure, key components, and assessment criteria.
As an educational resource, the mark scheme is copyrighted by the examination board (likely AQA). You can obtain it from:
Warning: Be cautious of paywalled sites claiming to have exclusive access. The Jun17 ACCN2 mark scheme is over seven years old and is widely available for free through legitimate educational sharing.
You might wonder: Why study a paper from June 2017?
The Ib G Jun17 Accn2 Mark Scheme is not a secret code. It is a transparent checklist of what the examiner values: accuracy, format, and logical process.
Stop memorizing answers. Start memorizing marking points. If you can think like an examiner, you will write like an A-grade student.
Next Step: Download the blank question paper for June 2017 (Accn2), take the test, then use the mark scheme to audit your performance. You will be shocked at how many marks you can pick up simply by writing your numbers in the correct columns or adding a one-sentence explanation.
Good luck with your Accounting revision. The debits and credits always balance in the end.
The June 2017 ACCN2 Mark Scheme for AQA AS Accounting (Financial and Management Accounting) focuses on technical accuracy, clarity of presentation, and the application of accounting principles. This specific paper is marked out of 80 total marks, including 4 marks for quality of written communication. 📋 Key Assessment Guidelines
Positive Marking: Examiners are instructed to credit what is present rather than penalizing what is missing.
"Own Figure" (OF) Rule: Marks are awarded if you use the correct method, even if your initial calculation is wrong. You won't be penalized twice for one arithmetic slip.
Zero-Mark Items: No marks are given for "alien items" (entries that don't belong in that specific account or statement).
Flexibility: Both vertical and horizontal formats for accounts are generally accepted unless specified. 📊 Specific Question Highlights (June 2017) Ib G Jun17 Accn2 Mark Scheme
The following are common areas of focus from the 2017 ACCN2 examiner notes: 1. Provision for Doubtful Debts
Bad Debt Deduction: Always deduct specific bad debts from trade receivables before calculating the percentage for the general provision.
Capital Adjustments: The change in provision (increase or decrease) must be shown in the capital/profit column to earn full marks. 2. Financial Statements & Quality
Headings: 1 mark is typically reserved for correct headings like "Non-Current Assets" and "Equity (Capital and Reserves)."
Terminology: Using specialist vocabulary correctly (e.g., "Retained Earnings" instead of "Leftover Profit") is essential for the 4 quality marks. 3. Ratio Analysis & Liquidity
Evaluation: When assessing liquidity, do not just list the numbers. You must explain why the ratio changed and what it means for the business's ability to pay debts.
Accuracy: In multiple-choice sections (e.g., mark-up vs. margin), no marks are awarded if more than one box is ticked. 🔗 Accessing Full Documents
To practice effectively, you can find the complete mark schemes and past papers on platforms like:
Studocu: Detailed breakdown of the June 2017 specific entries.
CIE Notes: A repository of ACCN2 papers and mark schemes from various years.
Course Hero: Helpful for seeing marker notes on specific student errors.
💡 Tip: When self-marking, look for the (1) or (1OF) symbols next to figures to understand exactly where you would have gained or lost marks.
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!
Introduction
The International Baccalaureate (IB) Group 2 Business Management course is designed to provide students with a comprehensive understanding of business concepts and their application in real-world scenarios. The Accounting paper 2 examination, held in June 2017, assessed students' knowledge and skills in financial and management accounting. This essay will analyze the mark scheme for the June 2017 Accounting paper 2 examination, highlighting key areas of assessment and providing insights into the examiners' expectations.
Overview of the Mark Scheme
The June 2017 Accounting paper 2 examination consisted of four sections: Section A (Financial Accounting), Section B (Management Accounting), Section C (Financial Management), and Section D (Financial Analysis). The mark scheme provided by the IB reflects the level of knowledge, understanding, and application required for each question.
Section A: Financial Accounting
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:
Section B: Management Accounting
In Section B, students were required to answer two questions from a choice of three. The questions covered topics such as cost accounting, budgeting, and decision-making. The mark scheme for this section emphasized:
Section C: Financial Management
In Section C, students were required to answer one question from a choice of two. The questions covered topics such as financial management, working capital management, and investment appraisal. The mark scheme for this section emphasized:
Section D: Financial Analysis
In Section D, students were required to answer one question from a choice of two. The questions covered topics such as financial analysis, interpretation of financial statements, and the use of accounting ratios. The mark scheme for this section emphasized:
Conclusion
The June 2017 Accounting paper 2 mark scheme reflects the IB's emphasis on assessing students' knowledge, understanding, and application of accounting concepts. To achieve high marks, students must demonstrate a clear understanding of financial and management accounting concepts, apply their knowledge to real-world scenarios, and analyze and interpret financial information. The mark scheme provides a clear guide for students and teachers to understand the examiners' expectations and to focus their preparation on key areas of the syllabus.
Word count: 570
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 paper likely comprised: Question 1 – Financial
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
: 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 June 2017 AQA ACCN2 mark scheme (80 marks) focuses on financial adjustments for Bergo Limited, including inventory, sales returns, and bad debt provisions. It outlines specific calculations for depreciation, ratio analysis, and financing decisions, emphasizing positive marking and clear workings. For the full, detailed mark scheme, visit Studocu. 18 AQA-ACCN2-W-MS-Final Mark Scheme-June 2017
The AQA GCE Accounting Unit 2 (ACCN2) June 2017 mark scheme provides detailed guidance on assessing financial statements for Bergo Ltd, focusing on adjustments for depreciation, provisions for doubtful debts, and director bonuses. It highlights the importance of "Own Figure" (OF) rules, allowing marks for correct methods despite errors, while emphasizing specific labeling for operating profit. Access the full document via 18 AQA-ACCN2-W-MS-Final Mark Scheme-June 2017 - Studocu
Typical: Selling price £20 per unit, variable cost £12 per unit, fixed costs £40,000. (a) Calculate break-even point; (b) Profit for 8,000 units; (c) Margin of safety at 10,000 units; (d) New break-even if fixed costs rise to £45,000; (e) Evaluate whether to accept a special order at £15 per unit for 5,000 units.
Mark scheme:
| Part | Answer | Marks | Notes | |------|--------|-------|-------| | (a) | Contribution = £8; BEP = £40,000 / £8 = 5,000 units | 3 | 1 for contribution, 1 for formula, 1 for answer | | (b) | Contribution × 8,000 = £64,000 – £40,000 = £24,000 | 2 | OFR from (a) | | (c) | Actual sales 10,000 – BEP 5,000 = 5,000 units; margin of safety % = 50% | 2 | | | (d) | £45,000 / £8 = 5,625 units | 2 | | | (e) | Special order: contribution = £15 – £12 = £3 per unit × 5,000 = £15,000 additional profit. Accept if spare capacity exists. | 4 | 2 for calculation, 2 for qualitative reasoning (e.g., no effect on fixed costs, no regular sales loss) | | Total | 13 | |
Examiner’s expectation: In (e), answers must mention “contribution” and “spare capacity”. Award no marks for “yes because price is higher than variable cost” without linking to contribution.
Question Example: "Evaluate the effectiveness of aid in reducing the development gap."
The Mark Scheme Criteria:
Most essays in IB Geography are split into two parts: Question 2 – Limited Companies (20–25 marks)