Ib G Jun17 Accn4 Mark Scheme Exclusive !exclusive! -

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)

The IB G Jun17 ACCN4 mark scheme remains a vital resource for practicing high-level accounting logic. By focusing on the nuances of goodwill adjustment and the interconnectedness of variances, you can move from a passing grade to an A*. ib g jun17 accn4 mark scheme exclusive

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. The mark scheme is unforgiving regarding terminology

A major advantage of the AQA mark scheme is the OFR. Even if you make a calculation error early on, you can still earn full marks for the subsequent process if your logic is consistent with your initial error. Never leave a section blank. The "A-E-I-O-U" of Evaluation For the long-form written questions, examiners looked for: nalysis of data. E vidence from the case study. I mpact on the business. O ther factors (qualitative). U nderlying assumptions. Conclusion By focusing on the nuances of goodwill adjustment

The mark scheme awarded 1 mark each for the correct treatment of depreciation and profit/loss on the sale of non-current assets.

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

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