Testing the differences between FIFO (First-In, First-Out) and AVCO (Average Cost) methods.
Calculating a full year’s depreciation when an asset was bought mid-year.
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
The is an indispensable tool for anyone aiming for an A* in A-Level Accounting. By studying the specific requirements of the June 2017 series, you can identify recurring patterns in how AQA rewards candidates and avoid the common traps that lead to lost marks.
Often requiring the preparation of an Income Statement and a Statement of Financial Position, including adjustments for accruals, prepayments, and depreciation. How to Use the Mark Scheme for Revision
To get the most out of the , follow these steps:
One of the most vital aspects of the is the "Own Figure" rule. Examiners use this to ensure students aren't penalized twice for a single mistake. To get the most out of the ,
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
The ACCN2 module, titled "Financial and Management Accounting," focuses on the practical application of accounting techniques. By June 2017, the exam had established a reputation for testing precision in data entry and the ability to interpret financial health through margin and ratio analysis. Key Focus Areas of the June 2017 Paper
The 2017 mark scheme was particularly strict on year-end adjustments. Common pitfalls included: