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
Testing the differences between FIFO (First-In, First-Out) and AVCO (Average Cost) methods. Ib G Jun17 Accn2 Mark Scheme
The 2017 mark scheme was particularly strict on year-end adjustments. Common pitfalls included: In ACCN2, marks aren't just for numbers
Failing to deduct the debt from Accounts Receivable before calculating a new provision for doubtful debts. How to Use the Mark Scheme for Revision Ib G Jun17 Accn2 Mark Scheme
Calculating a full year’s depreciation when an asset was bought mid-year.
Complete the June 2017 paper under exam conditions (usually 1 hour and 30 minutes).