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For example, for the knowledge and understanding assessment objective, the marking descriptors might include:
: Students had to update draft figures based on year-end adjustments. A prime example from the paper involves adjusting trade receivables for bad debts and recalculating a percentage-based provision.
The exam focuses on Financial and Management Accounting. The June 2017 exam, noted by the code IB/G/Jun17/ACCN2 , focused heavily on accurate inventory valuation, adjustment of accruals/prepayments, and profit calculation. Maximum Marks: 80 Time Allowed: 1 Hour 30 Minutes
The mark scheme reveals that the June 2017 paper prioritized several fundamental accounting pillars. Mastery of these areas is required to achieve top marks. 1. Control Accounts and Error Correction Ib G Jun17 Accn2 Mark Scheme
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.
Use the Jun17 mark scheme to grade your paper. Be strict with your layouts and labeling. Mark where you benefited from the Own Figure Rule (OFR).
The serves as a benchmark for high-level geographical inquiry. It emphasizes that Geography is not merely about knowing facts (capital cities, population numbers) but about synthesizing information to understand complex global systems. For example, for the knowledge and understanding assessment
A core component of this paper involved making year-end adjustments to prepare income statements or balance sheets.
Numbers alone were not enough for full marks. The mark scheme allocated a significant portion of points to the interpretation of the figures (e.g., explaining why a falling current ratio indicates a liquidity risk).
Isolated points, basic definitions, or purely generic answers with no application to the case study. How to Score Level 3 Marks The June 2017 exam, noted by the code
The mark scheme requires exact formulas. For instance, the Current Ratio must be stated as a ratio (e.g., 2:1), while the Acid Test Ratio requires the exclusion of inventory.
Some questions in ACCN2 require written explanations (e.g., “Explain why a provision for doubtful debts is created” or “Discuss the advantages of marginal costing for decision-making”).
Failing to distinguish between unpresented checks and outstanding lodgments during bank reconciliation questions. 2. Financial Statements for Sole Traders
