Ib G Jun17 | Accn4 Mark Scheme

The mark scheme begins with standard information: the date (June 2017), the unit (ACCN4), and the maximum raw mark (usually 80 or 90, scaled to 100 UMS). It also includes generic marking guidance, such as:

To achieve a perfect score on the Jun17 Accn4 question, a candidate's response needed to read like a financial consultant's brief:

AQA ACCN4 June 2017 mark scheme is a critical tool for mastering A-level Accounting, specifically focusing on "Further Aspects of Management Accounting." The paper has a maximum of 90 marks 1. Key Marking Principles The mark scheme is designed to be

, rewarding what is correct rather than penalizing omissions. Own Figure Rule (OFR):

If you make a mistake early in a calculation, you can still gain marks for subsequent steps if your method is correct using your previous incorrect figure. Quality of Written Communication (QWC):

Two marks are typically allocated for the quality of your prose, rewarding good English, clear organization, and correct use of specialist vocabulary. Quality of Presentation:

Two marks are often awarded for the clear layout of numerical work and proper labeling. Slideshare 2. Core Topics & Question Breakdown Based on the June 2017 paper: Course Hero Standard Costing & Variances:

Expect calculations for material and labour sub-variances (e.g., rate and efficiency). Budgeting & Marginal/Absorption Costing:

Tasks often involve preparing budgeted income statements and reconciling profits between marginal and absorption costing methods. Capital Investment Appraisal: Question 3 commonly focuses on payback periods and Net Present Value (NPV) calculations using given discount factors. Chargeable Hours & Overheads:

Question 4 often involves calculating chargeable hours for departments and managing fixed overheads, including overtime premiums. Course Hero 3. Mastering the 4-Level Response

Extended writing questions (often 12–15 marks) are graded using a "best-fit" levels-of-response grid: PapaCambridge Level 1 (1–3 marks): Isolated knowledge, weak application to the scenario. Level 2 (4–6 marks):

Basic application with some chains of reasoning, though they may be incomplete. Level 3 (7–9 marks):

Thorough understanding with analytical perspectives and developed chains of reasoning (cause and effect). Level 4 (10–12+ marks):

Coherent, logical, and balanced assessment. You must contextualize both financial and non-financial information to reach an informed decision 4. Recommended Resources

You can access the full mark scheme and paper through reputable past paper repositories: AQA Official Past Papers For the latest specifications and specimen materials.

Offers a comprehensive directory of ACCN4 papers and mark schemes. Course Hero Provides document previews of the June 2017 exam paper. specific question

from the June 2017 paper, such as the NPV calculation or the variance analysis?

The mark scheme for the AQA A-level Accounting (ACCN4) June 2017 exam can be accessed and downloaded via the following educational repositories: PapaCambridge : Provides the official PDF for the June 2017 mark scheme. Course Hero

: Hosts related AQA mark schemes and supporting materials for the June 2017 series.

: Offers a comprehensive directory of ACCN4 past papers and mark schemes. June 2017 ACCN4 Exam Overview The ACCN4 unit, titled "Further Aspects of Management Accounting,"

was a 2-hour paper with a maximum of 90 marks. Key topics and questions covered in this specific session included: Capital Investment Appraisal : Calculations for Payback Period Net Present Value (NPV) at a 12% cost of capital for competing machinery.

: Preparing budgets for a service business (PR Support Limited), involving departmental overhead splits and labor costs with overtime premiums. Management Roles : Explaining the importance of and contingency planning for business objectives. Course Hero or calculation from this paper? AQA A level Accounting ACCN4 Past Papers - CIE Notes

Disclaimer: Please note that I'm providing a general review, and it's essential to verify the accuracy of the information with official IB resources or your school.

Paper Details:

Mark Scheme Overview:

The mark scheme assesses the student's ability to:

Section A: Financial Analysis (40 marks)

The section consists of 2 questions:

Section B: Decision-Making and Control (30 marks)

The section consists of 1 question:

Mark Scheme Breakdown:

| Section | Question | Marks | | --- | --- | --- | | A | Ratio Analysis | 20 | | A | Financial Statement Analysis | 20 | | B | CVP Analysis and Budgeting | 30 | | Total | | 70 |

Assessment Criteria:

The mark scheme assesses students' work based on:

Key Points:

Common Mistakes:

To perform well in this paper, students should:

The official mark scheme for the AQA A-Level Accounting Unit 4 (ACCN4) exam from June 2017 provides specific solutions for its four main questions, totaling 90 marks. The "IB/G" notation refers to the "Instruction Booklet/General" version of the examination paper. 1. Question 1: Budgetary Control and Variance Analysis

This section focused on standard costing and calculating variances for materials and labor.

Direct Labour Variances: Marks are awarded for identifying both the numerical value and whether it is Adverse (A) or Favourable (F).

Standard Selling Price: Calculating price per unit based on direct materials, direct labor, and fixed overheads (e.g., applying a markup of 40%). 2. Question 2: Absorption vs. Marginal Costing

Candidates were required to reconcile profits between two costing methods.

Reconciliation: 1 mark for starting with marginal cost profit (e.g., £10,900) and adjusting for fixed overheads in inventory.

Evaluation: Marks for advising whether absorption costing is more beneficial for decision-making than marginal costing. 3. Question 3: Capital Investment Appraisal

This question involved comparing two machines, Machine A and Machine B.

Payback Period: 2 marks for calculating the time taken to recover the initial investment for each machine.

Net Present Value (NPV): 6 marks for applying discount factors (e.g., at 12%) to annual cash flows.

Advice: 8 marks for justifying a purchase recommendation based strictly on financial factors like higher NPV or shorter payback. 4. Question 4: Labour Cost Budgets

The final question concerned PR Support Limited, a service business with three departments: Payroll, Market Research, and Financial Services.

Chargeable Hours: Marks for calculating hours required per department based on staff levels (4 staff per department) and hourly rates (£15/hour).

Overtime Premiums: 1 mark for applying a 50% premium correctly to extra hours worked beyond the 40-hour standard week.

Fixed Overheads: £75,000 per annum split equally (£25,000 per department). General Marking Principles

Own Figure (OF) Rule: Marks are awarded if a candidate uses an incorrect previous answer correctly in a subsequent calculation.

Quality of Written Communication (QWC): Up to 2 marks are typically reserved for the quality of prose in extended evaluative answers.

Quality of Presentation (QP): Up to 2 marks are allocated for clear, labeled numerical workings.

For the full detailed document, you can access the AQA ACCN4 June 2017 Mark Scheme on educational resource platforms like Studocu or Course Hero.

The AQA A-level Accounting June 2017 ACCN4 mark scheme for Unit 4 (Further Aspects of Management Accounting) outlines a rigorous 90-mark assessment framework focused on capital investment appraisal, marginal costing, and variance analysis. It highlights the use of "Own Figure" (OF) rules for method marks and emphasizes the quality of written communication (QWC) in evaluating financial decision-making for business scenarios. You can search for the document via the AQA website.

The AQA A-Level Accounting (ACCN4) June 2017 mark scheme provides a detailed breakdown for technical topics like process costing and consignment accounts, emphasizing "own figure" rules to reward correct methods despite early errors. It highlights the necessity of contextual interpretation over simple ratio listing for high-mark, qualitative questions.

An interesting and student-friendly feature of the AQA ACCN4 June 2017 mark scheme (and others in this series) is the application of the "Own Figure" (OF) Rule.

This rule ensures that you aren't penalized multiple times for a single mistake. Here is how it works in practice:

Continuous Credit: If you make an arithmetic error early in a multi-step calculation (like calculating a budget), you will lose the mark for that specific figure. However, if you then use that incorrect figure correctly in the next stage of the problem (such as a reconciliation or final profit calculation), you can still earn full marks for the subsequent steps. ib g jun17 accn4 mark scheme

Logical Consistency: Examiners are instructed to award "OF" marks even for conclusions or advice based on your own incorrect data, provided the logic you applied to those numbers was sound.

Marking Annotation: On a marked script, you will see the letters "OF" next to a figure where this rule has been applied, signaling that the examiner followed your specific (albeit technically wrong) calculation path to give you credit for the method.

In the June 2017 paper specifically, this was crucial for Question 3, which required calculating Payback Period and Net Present Value (NPV) for two machines. A small slip in the initial cash flow could have wiped out over 15 marks without this feature.

AI responses may include mistakes. Information may vary depending on location or individual circumstances. Learn more 18 AQA-ACCN2-W-MS-Final Mark Scheme-June 2017 - Studocu

To effectively prepare for the AQA A-level Accounting Unit 4 (ACCN4) exam from June 2017, it is important to focus on Further Aspects of Management Accounting. This paper, typically worth 90 marks and lasting 2 hours, tests complex decision-making and evaluation skills. Key Exam Topics (June 2017)

Based on past paper content for this unit, you should master the following:

Investment Appraisal: You must be able to calculate and evaluate Payback Period and Net Present Value (NPV) for competing projects (e.g., "Machine A" vs. "Machine B").

Budgeting & Variances: Expect questions on preparing departmental budgets, calculating chargeable hours, and managing labor costs, including overtime premiums.

Decision-Making Analysis: Be prepared to discuss both financial and non-financial issues when advising directors on business plans.

Quality of Communication: This unit allocates specific marks for Quality of Written Communication (QWC) in prose answers and Quality of Presentation in numerical answers. General Marking Principles

Positive Marking: Examiners reward what is correct rather than penalizing omissions.

Own Figure (OF) Rule: If you make an early calculation error but use that "own figure" correctly in subsequent steps, you can still earn method marks.

Level-Based Marking: High-mark discussion questions are graded on levels. Level 4 (10–12 marks) requires a "coherent and logical chain of reasoning" and "balanced assessment". Helpful Resources

Official Past Papers: You can find the ACCN4 June 2017 Question Paper on platforms like Studocu and Course Hero.

Mark Scheme Collections: Websites like CIE Notes provide archived mark schemes for ACCN4. AQA A level Accounting ACCN4 Past Papers - CIE Notes

Let us reconstruct the general style of the June 2017 ACCN4 paper based on the mark scheme’s typical demands.

Categorize your errors:

June 2017’s ACCN4 paper — a heady, exacting test of advanced management accounting — reads like a courtroom drama for numbers. The mark scheme is the prosecuting brief: clinical, uncompromising, and designed to separate careful forensic accountants from those who merely bluff confidence with arithmetic. Below I unpack its logic, expose the common traps, and give short examples to show how marks are really won (or lost).

Why the mark scheme matters

Key features of the ACCN4 Jun17 mark scheme

Common examiner traps highlighted by the scheme

Concrete examples and how the scheme scores them

Exam technique distilled from the mark scheme

Final, brutal truth from the mark scheme The ACCN4 mark scheme rewards forensic clarity more than flashy results. A neat, well-justified script with minor arithmetic slips often out-scores one with an immaculate final number but no shown method. Train to make your logic visible: the mark scheme will notice.

If you want, I can:

The AQA A-level Accounting ACCN4 June 2017 examination, titled "Further Aspects of Management Accounting," is a 2-hour unit focused on advanced management principles. The following report summarizes the essential components of the question paper and its corresponding mark scheme to aid in revision and understanding of examiner expectations. 1. Paper Overview Unit Code: ACCN4 Exam Date: Thursday, 15 June 2017 (Afternoon) Total Marks: 90 marks Duration: 2 hours

Core Requirements: Candidates must use a calculator and show all workings clearly to ensure "method marks" are not lost. 2. Core Syllabus Topics Tested

Based on the June 2017 paper and general ACCN4 mark scheme structures, key areas of assessment include:

Management Roles: Understanding the role of planning in coordinating future activities and achieving organizational objectives.

Capital Investment Appraisal: Calculating Payback Period and Net Present Value (NPV) for competing projects (e.g., Machine A vs. Machine B) to advise directors on financial feasibility. The mark scheme begins with standard information: the

Budgeting and Overheads: Preparing budgets, including the calculation of fixed overheads and labor costs (e.g., salary/overtime split across departments like Payroll or Financial Services). Absorption and Variance Analysis: Calculating Direct Labor Rate and Efficiency Variances.

Identifying under-absorbed fixed production and other overhead costs.

Break-Even Analysis: Defining break-even points and calculating contribution margins for different product lines. 3. Key Marking Principles

The ACCN4 mark scheme follows specific conventions to ensure consistent grading across all candidates:

Own Figure (OF) Rule: Marks are awarded where a student uses their own previously calculated (but incorrect) figure in a subsequent step, provided the method remains correct. This prevents a single error from penalizing a student multiple times.

Quality of Written Communication (QWC): Two marks are typically allocated for the clarity, organization, and use of specialist vocabulary in prose answers.

Quality of Presentation: Two marks are often designated for the neatness and logical layout of numerical calculations and financial statements.

Positive Marking: Examiners are instructed to award marks for what is present rather than deducting for what is missing. 4. Recommended Resources

For full access to the original documents, students and educators typically use the following platforms:

Past Papers and Mark Schemes: Comprehensive archives are available on sites like CIE Notes and PapaCambridge.

Academic Document Repositories: Full question paper breakdowns and student-uploaded mark schemes can be found on Studocu and Course Hero.

IB G JUN17 ACCN4 Mark Scheme: A Comprehensive Review for A-Level Accounting

The ACCN4 unit, titled "Further Aspects of Management Accounting," represents the pinnacle of the AQA A-Level Accounting syllabus. For many students, the June 2017 (JUN17) session was a defining paper, testing deep analytical skills and the ability to apply complex management accounting techniques to real-world scenarios.

Understanding the mark scheme for this specific paper is not just about checking answers; it is about mastering the examiner’s logic. 1. The Role of the ACCN4 Mark Scheme

The mark scheme for JUN17 ACCN4 serves as a roadmap for how marks are allocated across different types of questions. In A-Level Accounting, marks are generally split into four assessment objectives:

AO1 (Knowledge and Understanding): Identifying terms and concepts.

AO2 (Application): Applying knowledge to the provided case study. AO3 (Analysis): Developing logical chains of reasoning.

AO4 (Evaluation): Making informed judgments based on the data. 2. Key Topics Covered in the JUN17 Paper

The June 2017 paper focused heavily on the core pillars of management accounting. If you are reviewing the mark scheme, you likely encountered these themes:

Standard Costing and Variance Analysis: This is often the "meat" of the ACCN4 paper. The JUN17 scheme rewarded students who could not only calculate material and labour variances but also explain the interrelationships between them (e.g., how buying cheaper materials might lead to an adverse labour efficiency variance).

Capital Investment Appraisal: Expect to see marks allocated for Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period. The mark scheme emphasizes the importance of using the correct discount factors and providing a clear recommendation.

Budgeting and Break-even: Detailed calculations regarding contribution margins and the impact of fixed cost changes were central to this session. 3. Common Pitfalls Identified in the Mark Scheme

The examiners' reports for the JUN17 session highlighted several areas where students frequently lost marks:

Ignoring "Own Figure" (OF) Rules: The mark scheme uses OF marks to ensure that a mathematical error early in a question doesn't penalize a student for the rest of the calculation. Students who showed their workings clearly were able to salvage significant marks.

Weak Evaluation: In the 12-mark and 20-mark questions, many students failed to reach the top level of marks because they didn't provide a balanced argument. The mark scheme looks for a "however" or a "on the other hand" to justify high marks in AO4. 4. How to Use the Mark Scheme for Revision

To get the most out of the IB G JUN17 ACCN4 mark scheme, follow these steps:

Timed Practice: Complete the JUN17 paper under strict exam conditions (2 hours).

Self-Correction: Use the mark scheme to grade your work, but be harsh. If the scheme requires a specific unit (like "£" or "units") and you missed it, deduct the mark.

Analyze the "Quality of Written Communication" (QWC): ACCN4 assesses how well you structure your reports. The mark scheme often includes a grid for QWC; ensure your paragraphs flow logically and your technical terminology is accurate. Conclusion

The JUN17 ACCN4 mark scheme remains an essential resource for any student aiming for an A* in Accounting. It highlights the shift from simple bookkeeping to strategic decision-making. By dissecting the requirements for variance analysis and investment appraisal in this paper, candidates can better prepare for the nuances of management accounting. AQA ACCN4 June 2017 mark scheme is a