Ib G Jun17 Accn2 Mark Scheme ⭐ Limited Time

The June 2017 mark scheme provides the blueprint for how to score marks in all these areas.

Guidance on how to award marks for cost and depreciation without necessarily netting them off (e.g., showing cost of £3,000 and depreciation of £750 separately).

For any question where you scored less than 70%, copy the mark scheme's ideal answer by hand. Physically writing the correct layout (especially for manufacturing accounts and appropriation accounts) builds muscle memory.

Four marks are specifically dedicated to the student's ability to use good English, organize information clearly, and use specialist accounting vocabulary. Assessment Objectives (AOs)

| Mistake | Consequence (per mark scheme) | | :--- | :--- | | Confusing "provision for depreciation" with "depreciation expense" | Loss of 2 marks (one for the income statement, one for the statement of financial position) | | Calculating break-even using total costs instead of variable costs | Loss of all 3 marks for break-even calculation | | Forgetting to close off bank and cash accounts in the answer booklet | Loss of layout marks (typically 2) | | Using "purchases" instead of "raw materials consumed" in a manufacturing account | Loss of 2 marks – a major conceptual error | | Not showing the profit-sharing ratio workings for partnerships | Loss of 1 mark (examiners need to see the calculation of the ratio) |