Ib | G Jun17 Accn4 Mark Scheme

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.

An interesting and student-friendly feature of the mark scheme (and others in this series) is the application of the "Own Figure" (OF) Rule . ib g jun17 accn4 mark scheme

Forgetting to deduct interest on drawings before sharing residual profit. The "ib g jun17 accn4 mark scheme" explicitly warns: "Do not accept interest on drawings being added after appropriation – it must be adjusted in current accounts." First, download the ACCN4 Question Paper (also from

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. An interesting and student-friendly feature of the mark

The final 2 marks of the evaluation were reserved for the conclusion. The mark scheme dictated that the conclusion must not just repeat previous points. It had to be a definitive answer to the question posed (e.g., "Therefore, the business should not proceed with the new credit policy, because the risk of a cash flow crisis outweighs the marginal increase in net profit." ).