Candidates are rewarded for correct knowledge and methods shown rather than penalized for omissions. Own Figure Rule (OF):
This exclusive analysis breaks down the June 2017 paper, providing insights into examiner expectations, common pitfalls, and the structure required to maximize marks on this challenging 90-mark paper. 1. Overview of the ACCN4 June 2017 Paper
Finding a direct, "exclusive" PDF of the official mark scheme for this specific unit can be difficult on free public archives, as it is often hosted on restricted or subscription-based educational platforms. However, you can access the relevant materials through the following sources: Accessing the Mark Scheme Educational Archives: Sites like Course Hero ib g jun17 accn4 mark scheme exclusive
The scenario involves three departments (Payroll, Market Research, Financial Services) with specific salary rates (£15/hour) and fixed overheads (£75,000) split equally. General Marking Principles:
For 12-to-16-mark evaluative questions, the mark scheme required a final recommendation. A simple summary of what was written previously did not suffice; the conclusion had to weigh the financial metrics (NPV/IRR) against non-financial factors (environmental impact, staff training) to give a definitive "Go" or "No-Go" decision. How to Use This Mark Scheme for Revision Candidates are rewarded for correct knowledge and methods
The ACCN4 module traditionally focuses on the practical application of management accounting techniques to help businesses make decisions. The June 2017 paper was noted for its focus on , Capital Investment Appraisal , and Budgeting . 1. Standard Costing and Variance Analysis
Never state a ratio has changed without suggesting a business cause (e.g., "The trade payables turnover increased, suggesting the company is taking longer to pay suppliers to manage cash flow"). Overview of the ACCN4 June 2017 Paper Finding
The June 2017 paper focused heavily on the technical application of accounting standards. Key areas included: Preparation of partnership accounts. The impact of goodwill on capital accounts. Budgetary control and variance analysis. Social and ethical implications in accounting decisions. Detailed Mark Scheme Analysis 1. Partnership Changes and Goodwill
Precision was required in adjusting asset values. Students often lost marks for failing to account for the depreciation of revalued assets mid-period. 2. Statement of Cash Flows