Do not just read the mark scheme. Work backwards.
Question Example: "Discuss the environmental and socio-economic consequences of the increasing demand for energy."
The Mark Scheme Criteria:
If you have recently searched for "Ib G Jun17 Accn2 Mark Scheme" , you are most likely a student or teacher preparing for a GCE A-Level Accounting exam (specifically the AQA Unit 2: Financial and Management Accounting paper from June 2017). While the "IB" in the filename often refers to “Question Paper” in some exam board archives, the core subject is Accounting. Ib G Jun17 Accn2 Mark Scheme
Mark schemes can look like a foreign language at first glance. However, they are actually the most powerful revision tool you possess. This article breaks down what the Jun17 Accn2 mark scheme contains, how examiners think, and how you can use it to turn a good grade into a great one.
Examiners follow these universal rules:
Typical data: Share capital (50,000 £1 ordinary shares fully paid), share premium £10,000, revaluation surplus £5,000, retained earnings b/f £22,000. Corporation tax provision £8,000. Proposed dividend 10p per share. Do not just read the mark scheme
Mark scheme (style):
| 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 | | Total | 18 | (plus 2 for format/presentation) |
Important distinctions:
In the Jun17 Accn2 paper, roughly 30-40% of marks are not for getting the right number, but for:
The International Baccalaureate (IB) Group 6 (Jun 17) Accounting (Accn2) examination assesses students' understanding and application of accounting principles and concepts. The mark scheme is a crucial document that provides detailed information on how examiners assess and grade student responses. In this tutorial, we will delve into the intricacies of the IB Group 6 (Jun 17) Accounting (Accn2) mark scheme, helping you understand its structure, key components, and assessment criteria.
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