Ib G Jun17 Accn4 Mark Scheme Exclusive -

Standard marks were given for identifying the adverse or favorable nature of the variance.

The mark scheme strictly followed the "no goodwill account" method. Marks were awarded for correctly calculating the total goodwill and then splitting it according to the old profit-sharing ratio (PSR) and the new PSR. ib g jun17 accn4 mark scheme exclusive

This section tested the ability to reconcile operating profit to net cash from operating activities. Standard marks were given for identifying the adverse

The mark scheme is unforgiving regarding terminology. Use "Statement of Financial Position" rather than "Balance Sheet," and ensure "Profit for the Year" is clearly labeled in income statements. Own Figure Rule (OFR) This section tested the ability to reconcile operating

Exclusive insights from the examiner's report suggest that high-level marks were only awarded to candidates who could explain why a material price variance might correlate with a favorable labor efficiency variance (e.g., higher quality materials leading to faster production). Strategic Revision Tips