Ib G Jun17: Accn2 Mark Scheme

This is the most important rule in accounting mark schemes. If you made a mistake in part (a) of a question but carried that number correctly through to part (d), .

Proper classification of non-current assets, current assets, current liabilities, and non-current liabilities. 2. Year-End Adjustments

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

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What are you aiming for in your upcoming accounting exams? Share public link

If you lost marks on adjustments like prepayments or depreciation, review the specific ledger account entries required to correct them.

A company has a gross profit margin of 40% and revenue of £500,000. What is the gross profit? This is the most important rule in accounting mark schemes

Calculating profitability and liquidity ratios, followed by written evaluations of business performance. Key Takeaways from the Jun17 ACCN2 Mark Scheme 1. The Own Figure Rule (OFR)

(known in the underground as "Ib G") is a legendary forensic accountant turned digital vigilante. On June 17th (

: Adjustments for "sale or return" goods, where revenue must be adjusted (e.g., deducting £27,000 in specific workings). Share public link If you lost marks on

If the provision decreases, this is treated as income (or a reduction in expenses); if it increases, it is an expense. Accruals and Prepayments

By following these recommendations, students and educators can work together to achieve success in the IB Diploma Programme and develop a lifelong love of learning.

ACCN2 is the second unit in the AQA GCE Accounting specification, typically taken by students in their first year of A-Level study (AS level). The paper focuses on , covering:

A critical part of the mark scheme is the "OF" mark. If a student makes a mistake in an early calculation (e.g., Cost of Sales) but uses that wrong figure consistently later in the paper (e.g., Gross Profit), they can still earn marks.

For questions asking you to "assess," "discuss," or "evaluate" an accounting policy (such as changing a depreciation method or introducing an automated inventory tracking system), the June 2017 mark scheme follows a strict level-of-response framework: