Students often described what a ratio was (e.g., Current Ratio) but failed to explain why it had changed or what it meant for the business's survival. How to Use This Mark Scheme for Revision To get the most out of the Ib G Jun17 Accn2 materials:
: Offers a detailed view titled "Understanding the ACCN2 Financial Accounting Mark Scheme".
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. Ib G Jun17 Accn2 Mark Scheme
The June 2017 paper is noted for specific challenging sections: Company Income Statements
The 2017 mark scheme was particularly strict on year-end adjustments. Common pitfalls included: Students often described what a ratio was (e
The mark scheme assesses student responses based on the following key components:
: The IB provides clear objectives for what students should be able to do. These typically include understanding and interpreting texts (receptive skills) and producing written and spoken texts (productive skills). Corporation tax provision £8,000
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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.