In Section D, students were required to answer one question from a choice of two. The questions covered topics such as financial analysis, interpretation of financial statements, and the use of accounting ratios. The mark scheme for this section emphasized:
A core component of this paper involved making year-end adjustments to prepare income statements or balance sheets.
AQA mark schemes utilize the "Own Figure" rule to avoid punishing students twice for a single mistake. When self-grading your past papers, check if your subsequent totals match your initial incorrect figure using the right formula. If they do, award yourself the method marks. Learn the Specific Accounting Terminology
Use a red pen to mark your work against the scheme. Pay close attention to where you lost "easy" marks, such as missing headers or incorrect labeling.
In ACCN2, marks aren't just for numbers. The June 2017 mark scheme allocated specific points for the clarity of explanations. When asked to evaluate a company’s liquidity, students were expected to use professional terminology and provide a balanced argument. 3. Precision in Adjustments Ib G Jun17 Accn2 Mark Scheme
Marks are awarded for the formula, the working, and the final rounded answer (usually to two decimal places).
If the provision decreases, this is treated as income (or a reduction in expenses); if it increases, it is an expense. Accruals and Prepayments
Examiners frequently use control accounts to test a student's double-entry knowledge. In the June 2017 paper, candidates were required to:
Do not give yourself the benefit of the doubt. If the mark scheme requires a specific label (e.g., "Gross Profit"), and you wrote "Profit," do not award the mark. In Section D, students were required to answer
Using net assets to find profit, then reconstructing stock.
Section B is the most critical component for HL students, as it tests . The June 2017 Mark Scheme provided a strict "Levels Mark Scheme" for every essay question.
: Always deduct specific bad debts from trade receivables before calculating the percentage for the general provision.
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: AQA mark schemes utilize the "Own Figure" rule
A mark scheme is far more than a simple answer key. For students and teachers, it’s a transparent map of the exam board's expectations. It details not only the correct answers but also the specific criteria for allocating marks, including how partial credit is awarded and what constitutes a top-band response.
(b) Explain how the 'accruals' concept applies to the treatment of prepaid expenses.
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