Ib G Jun17 Accn2 Mark Scheme

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).

Notice which sections offer the most points. Usually, the final evaluative questions carry significant weight and require a structured "Conclusion" to reach the top mark band. Conclusion

| Requirement | Marks | Detail | |-------------|-------|--------| | Income statement (to operating profit) | 4 | Revenue, cost of sales, distribution/admin costs | | Profit before tax | 1 | | | Corporation tax charge | 2 | 1 for correct figure, 1 for placing after PBT | | Profit after tax | 1 | | | Retained earnings b/f | 1 | | | Transfer to reserves | 1 | If any | | Dividends proposed | 2 | Calculation: 50,000 × £0.10 = £5,000 | | Retained earnings c/f | 1 | OFR | | Statement of financial position – equity section | 4 | Share capital, share premium, revaluation reserve, retained earnings (c/f) | | Non-current liabilities | 1 | Corporation tax provision | | | 18 | (plus 2 for format/presentation) | Ib G Jun17 Accn2 Mark Scheme

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The full mark scheme and its corresponding question paper are available on several academic resource platforms: Official Documents & Direct Links Numbers alone were not enough for full marks

According to the examiner notes within the mark scheme, students frequently lost marks due to:

: Calculating changes in provisions (e.g., a decrease from £800 to £720/£738) and their impact on capital and profit figures. Accessing the Full Mark Scheme Handling cost and

: Up to 4 marks were awarded for the ability to use specialist vocabulary and organize information clearly. Accessing the Full Mark Scheme

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

Here are two example questions from the IB G Jun17 Accn2 Mark Scheme:

The extra notes in the mark scheme are pure gold. They often reveal exactly what examiners are looking for. For instance, the examiner's report for a similar ACCN2 paper in 2009 stated: "a significant number of candidates did not read the questions and, as a result, answered the question they thought they were being asked rather than the actual question." Using the mark scheme helps you avoid this.