Ib G Jun17 Accn4 Mark Scheme ((exclusive)) May 2026

The AQA ACCN4 June 2017 mark scheme outlines requirements for advanced management accounting topics, including capital investment appraisal, standard costing variances, and departmental budgeting. Key components include calculating NPV, evaluating business, and adhering to the "own figure" rule for method marks. For related resources, visit Course Hero. Course Hero

Step 1: Attempt the Paper Under Timed Conditions

First, download the ACCN4 Question Paper (also from June 2017). Sit in a quiet room and complete the paper in the allotted 2 hours without any notes. This simulates the real exam pressure.

The Significance of ACCN4 in the A-Level Accounting Syllabus

For context, ACCN4 is the second of two A2 units (alongside ACCN3). While ACCN3 focuses on limited companies and published accounts, ACCN4 is where the difficulty ramps up. This unit covers: ib g jun17 accn4 mark scheme

  1. Accounting Standards (SSAPs, FRSs, IFRSs – as they were in 2017).
  2. Incomplete Records – Reconstructing accounts from limited information.
  3. Partnership Accounts – Appropriation accounts, current accounts, changes in partnership, and dissolution.
  4. Accounting Ratios and Interpretation – Profitability, liquidity, efficiency, and investment ratios.
  5. Cash Flow Statements (IAS 7) – Preparing and interpreting them.

The June 2017 paper was a particularly telling exam because it sat midway between the old specification and the gradual introduction of new international standards. The "ib g jun17 accn4 mark scheme" is thus a perfect snapshot of how AQA expected students to handle complex, multi-part scenario questions.

1. Mark allocation per line

Example:

1(a) Calculate gross profit margin.  
Answer: 42.5%  
Mark: 2 (1 for correct figures used, 1 for correct calculation/percentage)

Typical Content Highlights (June 2017 Likely Topics)

  • Financial statement preparation (income statement/profit & loss, statement of financial position/balance sheet)
  • Accruals and prepayments, depreciation methods, inventory valuation (FIFO/LIFO/weighted average)
  • Capital vs. revenue expenditures, correction of errors and suspense accounts
  • Bank reconciliations, VAT/GST adjustments
  • Ratios and interpretation (liquidity, profitability, gearing)
  • Ethics and professional considerations in accounting

Question 2: Incomplete Records (Approx 25 marks)

This is often the most feared question. The mark scheme reveals the examiner's logic.

Typical data: Opening capital, closing assets/liabilities, cash and bank summaries. The AQA ACCN4 June 2017 mark scheme outlines

Mark scheme steps:

  1. Calculate opening net assets (Capital).
  2. Calculate closing net assets.
  3. Adjust for drawings and additional capital introduced.
  4. Calculate profit using: Profit = Closing capital + Drawings – Opening capital – New capital.

Golden insight from the mark scheme: "If a student attempts a control account approach for sales and purchases, award up to 2 marks for structure even if numerical errors exist." This shows the value of method marks. Step 1: Attempt the Paper Under Timed Conditions