Ib G Jun17 | Accn2 Mark Scheme

Do not just read the mark scheme.

Calculate purchases and the closing trade payables.

This is a student’s best friend. If you make an early arithmetic error in a multi-stage calculation (such as calculating Gross Profit incorrectly), you will lose the initial mark. However, if you use that incorrect figure logically in the subsequent steps (such as calculating Net Profit), the OFR guarantees you will receive full marks for the later stages. Ib G Jun17 Accn2 Mark Scheme

The Mark Scheme (MS) for this session was designed to reward specific Assessment Objectives (AOs):

For 8 to 12-mark questions, examiners do not just count points. They use a holistic quality framework: Mark Range Description High Marks Do not just read the mark scheme

Identifying errors that affect or do not affect the trial balance agreement (e.g., errors of omission, commission, principle, and compensating errors) via journal entries and suspense accounts. Deconstructing the Mark Scheme Mechanics

According to the examiner reports associated with the June 2017 series, students frequently lost marks due to: If you make an early arithmetic error in

Using net assets to find profit, then reconstructing stock.

: Calculations for gross profit mark-up, margin, and profit-in-relation-to-revenue ratios. Provision for Doubtful Debts

: Mark schemes often describe what constitutes achieving a particular level of marks. For example, for a top mark band, students might need to fully understand and accurately interpret a text, and then demonstrate a high degree of linguistic competence and cultural awareness.