Ib G Jun17 Accn2 Mark Scheme |link|

Practice adjusting for depreciation, accruals, prepayments, and inventory NRV adjustments.

Accompanying the Mark Scheme, the Examiner's Report for this session highlighted specific student performance trends that illuminate how the scheme was applied in practice.

In the evaluative questions, students often wrote generic textbook answers rather than analyzing the specific numbers they calculated in earlier sub-questions. 💡 How to Use the Mark Scheme for Revision

Writing "It's easier" – That gets 0 marks. Student Success: "Marginal costing ignores fixed costs in unit valuation, which helps managers see the true contribution per unit for special orders." Ib G Jun17 Accn2 Mark Scheme

Ensure you understand the direction of contra entries between the sales and purchases ledgers. The mark scheme checked for correct debit/credit placement, where a reversed entry yielded zero marks. Budgeting and Cash Flow Forecasts

Check if your errors carried forward correctly or if you penalized yourself twice for the same mistake.

Detail two distinct disadvantages or limitations, citing costs or operational friction. 💡 How to Use the Mark Scheme for

(Listening and Reading):

Good application to the scenario, but arguments may be one-sided or lack a fully supported conclusion.

Failing to properly label subtotals like Gross Profit , Operating Profit , and Net Assets in financial statements. Budgeting and Cash Flow Forecasts Check if your

To use the document effectively, you first need to understand what its filename means. The code is a structured identifier used by the exam board:

Understanding this generic rubric is essential for interpreting any specific question in the June 2017 paper.

The mark scheme splits assessment criteria into clear categories to ensure consistency across all examiners. It rewards precise calculations and well-structured written analysis.

Marks are divided between AO1 (Knowledge and Understanding), AO2 (Application), and AO3 (Analysis and Evaluation).