Ib G Jun17 Accn2 Mark Scheme < HOT ✔ >

The June 2017 AQA ACCN2 mark scheme (80 marks) focuses on financial adjustments for Bergo Limited, including inventory, sales returns, and bad debt provisions. It outlines specific calculations for depreciation, ratio analysis, and financing decisions, emphasizing positive marking and clear workings. For the full, detailed mark scheme, visit Studocu. 18 AQA-ACCN2-W-MS-Final Mark Scheme-June 2017

It seems you are asking for a review of the "Ib G Jun17 Accn2 Mark Scheme" — which appears to refer to a specific mark scheme from a past AQA A-Level Accounting exam (Unit 2, June 2017, likely under the old specification code ACCN2).

Since I cannot access or reproduce the actual mark scheme document (copyright belongs to AQA), here is a critical, practical review based on standard features of AQA Accounting mark schemes from that period, along with guidance on how useful it is for students/teachers.

4. Example Question from Ib G Jun17 Accn2 Mark Scheme (Reconstruction)

Let us reconstruct a typical question and mark scheme extract. Ib G Jun17 Accn2 Mark Scheme

Question (Incomplete Records): A sole trader has lost his purchase invoices. You are given:

• Opening inventory: $10,000
• Closing inventory: $15,000
• Gross profit margin: 25% on sales
• Sales: $100,000
• Payments to suppliers: $70,000

Required: Calculate purchases and the closing trade payables.

Mark Scheme Extract (Jun17): | Mark | Explanation | |------|-------------| | M1 | Cost of sales = Sales × (1 – Gross profit margin) = 100,000 × 0.75 = $75,000 | | M2 | Purchases = Cost of sales – Opening inventory + Closing inventory = 75,000 – 10,000 + 15,000 = $80,000 | | M3 | Trade payables (closing) = Purchases – Payments to suppliers = 80,000 – 70,000 = $10,000 | | A1 | All three figures correct and clearly labeled. | The June 2017 AQA ACCN2 mark scheme (80

Guidance notes: Accept alternative sequencing if logical. Do not award M3 if purchases are incorrect unless OFR applied.

Specific Content Areas (June 2017 Focus)

In the June 2017 series, Section A often focused on Population and Migration. Key marking points included:

1. Data Description: Examiners rewarded candidates who calculated averages or identified significant outliers rather than just listing every data point. A common instruction was "Describe the distribution..." which required spatial language (North/South, coastal vs. interior) if a map was involved.
2. Explanation of Trends: For higher marks, candidates needed to articulate "Push and Pull factors" or "Economic barriers" relevant to the data shown.
   • Correct approach: "The high net migration in Country X (Source A) is likely due to the employment opportunities in the service sector, as indicated by the rising GDP in Figure 2."
   • Incorrect approach: "People move for money." (Too vague).

A. Question-by-Question Breakdown

Each question is dissected into parts (e.g., 1a, 1b, 2a, 2b). The mark scheme will show: Common Pitfalls Identified:

• Answer: The expected numerical or narrative response.
• Mark: The point value for each step.
• Guidance: Notes to examiners on acceptable alternatives (e.g., using different accounting conventions or rounding).

Level of Response Marking (for longer written parts)

Some questions in ACCN2 require written explanations (e.g., “Explain why a provision for doubtful debts is created” or “Discuss the advantages of marginal costing for decision-making”).

Typical 6-mark narrative question mark scheme:

| Level | Descriptor | Marks | |-------|------------|-------| | 3 | Comprehensive explanation with technical terms (prudence, matching, relevant cost) and clear application | 5–6 | | 2 | Some correct points but lacking detail or clarity; minor errors | 3–4 | | 1 | Basic statement (e.g., “to be careful”) with no development | 1–2 | | 0 | No relevant content | 0 |

Example answer for Level 3:
“A provision for doubtful debts is created in line with the prudence concept – anticipating losses but not gains. It ensures that receivables are stated at net realisable value. The matching concept also applies: the expense of potential bad debts is matched against the revenue of the same period. Without this provision, assets and profit would be overstated.”

C. Marking Principles for Accounting

• Casting (Addition) marks: Awarded if the total of a column or statement is correct.
• Narrative marks: Awarded for correct explanations of accounting concepts (e.g., going concern, prudence).
• Format marks: Awarded for proper layout of accounts (e.g., debit/credit sides, date columns, narrative descriptions).

Common Pitfalls Identified:

1. The "Pre-prepared" Answer: The MS is designed to catch generic answers. In June 2017, examiners noted that many students memorized generic paragraphs on the Demographic Transition Model (DTM). Unless the student explicitly applied the DTM to the specific country or data in the question, marks were withheld.
2. Lack of Evaluation in 15-markers: Many students provided descriptive essays for 15-mark questions. The MS explicitly states that Level 3 requires an evaluative conclusion. A description of facts yields a maximum of 10 marks, regardless of how detailed the description is.
3. Ignoring the "Command Term":
   • Examine: Investigate an argument.
   • Discuss: Offer a balanced review.
   • Evaluate: Judge the success or importance.
   • Candidates who confused these terms (e.g., describing when asked to discuss) lost significant marks according to the scheme.

❌ Partnership Appropriation Account – Order of Entries

Interest on drawings is deducted after net profit, not before. The Jun17 mark scheme showed a strict order:

1. Net profit
2. Less: Interest on drawings
3. Add: Interest on capital
4. Less: Salary to partners
5. Residual profit split according to ratio.