Ib G Jun17 Accn2 Mark Scheme [work] Today
The June 2017 ACCN2 Mark Scheme for AQA AS Accounting (Financial and Management Accounting) focuses on technical accuracy, clarity of presentation, and the application of accounting principles. This specific paper is marked out of 80 total marks, including 4 marks for quality of written communication. 📋 Key Assessment Guidelines
Marking Philosophy for Section A
The mark scheme for Section A emphasizes "Geographical Skills." Examiners were instructed to look for: Ib G Jun17 Accn2 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 | The June 2017 ACCN2 Mark Scheme for AQA
Examiner’s note: Marks are heavily weighted for showing the algebra and re-arrangement of accounting equations. A numerical answer alone without working gets at most 1 mark. Knowledge and understanding : Students were expected to
Question 5: Break-even & Marginal Costing
Typical: Selling price £20 per unit, variable cost £12 per unit, fixed costs £40,000. (a) Calculate break-even point; (b) Profit for 8,000 units; (c) Margin of safety at 10,000 units; (d) New break-even if fixed costs rise to £45,000; (e) Evaluate whether to accept a special order at £15 per unit for 5,000 units.
- Knowledge and understanding: Students were expected to demonstrate a clear understanding of financial analysis concepts, such as ratio analysis and trend analysis.
- Application and analysis: Students were required to apply their knowledge to analyze financial statements and make informed decisions.