G Jun17 Accn2 Mark Scheme Exclusive - Ib
Mark schemes are developed by Lead Assessment Writers and a panel of subject teachers to ensure consistent and fair evaluation of student responses across all examiners. For the ACCN2 June 2017 paper, the mark scheme serves as a "working document" that may be expanded based on unusual but valid student responses during the standardisation process. Key Assessment Principles
Specific Content Areas (June 2017 Focus)
In the June 2017 series, Section A often focused on Population and Migration. Key marking points included: Ib G Jun17 Accn2 Mark Scheme
Key Topics Covered in ACCN2 (June 2017):
- Preparation of Financial Statements for sole traders and partnerships.
- Limited Company Accounts (including the appropriation account, share capital, and reserves).
- Incomplete Records – reconstructing financial statements from limited data.
- Control Accounts and bank reconciliations.
- Partnership Accounts – including goodwill adjustments and current accounts.
- Interpretation of Accounts – ratio analysis (profitability, liquidity, efficiency).
Final Mark Scheme (June 2017): You can view the complete mark scheme at Studocu or Course Hero. Mark schemes are developed by Lead Assessment Writers
- Knowledge and understanding: Students were expected to demonstrate a clear understanding of financial management concepts, such as the time value of money and investment appraisal techniques.
- Application and analysis: Students were required to apply their knowledge to evaluate investment opportunities and manage working capital.
| 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 | Preparation of Financial Statements for sole traders and
This mark scheme reinforces the IB's commitment to critical thinking over rote memorization, rewarding students who can view the world through a nuanced, geographically literate lens.