Ib G Jun17 Accn2 Mark Scheme May 2026

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).

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 Ib G Jun17 Accn2 Mark Scheme

Testing the differences between FIFO (First-In, First-Out) and AVCO (Average Cost) methods.

Failing to deduct the debt from Accounts Receivable before calculating a new provision for doubtful debts. How to Use the Mark Scheme for Revision Calculating a full year’s depreciation when an asset

Notice which sections offer the most points. Usually, the final evaluative questions carry significant weight and require a structured "Conclusion" to reach the top mark band. Conclusion

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 By June 2017, the exam had established a

Using suspense accounts and journal entries to rectify bookkeeping mistakes. Breakdown of the Ib G Jun17 Accn2 Mark Scheme 1. The "Own Figure" (OF) Rule